USDCAD Asia briefing — 2026-10-07

BIAS BULLISH. D1 structure + H4 EMA + H1 EMA combined trend vote drives direction despite neutral RSI and bearish FVGs on lower timeframes. KEY LEVELS R: 1.425, 1.42941, 1.43 | S: 1.42, 1.415, 1.37994 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil Stocks Change (Wed 14:30 UTC) 🟡 EIA Distillate Stocks Change (Wed 14:30 UTC) SESSION OUTLOOK Asia opens with bullish D1 backdrop; watch H1 neutrality vs H4 strength. Lower FVGs may offer pullback entries into main resistance cluster 1.425–1.43.

Key Levels

R: 1.42500 · 1.42941 · 1.43000

S: 1.42000 · 1.41500 · 1.37994