USDCAD Asia briefing — 2026-10-16

BIAS BEARISH. D1 bearish structure, H1/H4 EMA downtrend, and H4/H1 fair value gaps override the liquidity sweep of lows and neutral RSI. KEY LEVELS R: 1.42, 1.425, 1.43015 | S: 1.415, 1.41, 1.39828 NEWS 🔴 Fed Chair Warsh (03:30 UTC) 🔴 BoC Governor Macklem (04:15 UTC) SESSION OUTLOOK Warsh and Macklem speeches dominate; watch for USD strength or CAD surprise. Price tests support into newsflow.

Key Levels

R: 1.42000 · 1.42500 · 1.43015

S: 1.41500 · 1.41000 · 1.39828