USDCAD Asia briefing — 2026-10-23

BIAS BEARISH. D1 + H4 + H1 trend confluence, RSI oversold at 28.46, and bearish fair value gaps on both H4 and H1 drive direction. KEY LEVELS R: 1.405, 1.41, 1.43015 | S: 1.40011, 1.4, 1.395 NEWS 🟡 CAD Retail Sales (MoM) Fri 12:30 UTC 🟡 CAD Retail Sales ex Autos Fri 12:30 UTC 🟡 USD S&P Global PMI Fri 13:45 UTC SESSION OUTLOOK Watch CAD data at 12:30 for directional confirmation. H1 bearish structure remains dominant; support holds bias integrity.

Key Levels

R: 1.40500 · 1.41000 · 1.43015

S: 1.40011 · 1.40000 · 1.39500