USDCAD Asia briefing — 2026-11-02

BIAS BEARISH. D1 trend, H4 EMA, and H1 EMA alignment drives direction despite bullish liquidity sweep and H4 FVGs. KEY LEVELS R: 1.395, 1.4, 1.43015 | S: 1.39418, 1.39, 1.385 NEWS 🟡 S&P Global Manufacturing PMI (CAD) Mon 14:30 UTC 🟡 S&P Global Manufacturing PMI (USD) Mon 14:45 UTC SESSION OUTLOOK CAD PMI at 14:30 may trigger volatility. Watch holds at 1.39418; break lower targets 1.39.

Key Levels

R: 1.39500 · 1.40000 · 1.43015

S: 1.39418 · 1.39000 · 1.38500