USDCAD Asia briefing — 2026-10-28

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA combined with H4 fair value gaps drive directional conviction lower. KEY LEVELS R: 1.41, 1.415, 1.43015 | S: 1.405, 1.4, 1.39697 NEWS 🟡 MBA Mortgage Applications (USD) 11:00 UTC 🟡 Goods Trade Balance (USD) 12:30 UTC 🟡 Wholesale Inventories (USD) 12:30 UTC SESSION OUTLOOK Low-impact data releases unlikely to shift trend. Watch for H1 bullish FVG resistance; confluence at 1.41 tests bear commitment.

Key Levels

R: 1.41000 · 1.41500 · 1.43015

S: 1.40500 · 1.40000 · 1.39697