USDCAD Asia briefing — 2026-11-06

BIAS BEARISH. Daily structure, H4/H1 trend confluence, and liquidity sweep of highs drive conviction despite bullish FVG presence on intraday frames. KEY LEVELS R: 1.405, 1.41, 1.42994 | S: 1.4, 1.395, 1.39311 NEWS 🔴 Net Change in Employment (CAD) – Fri 13:30 UTC 🟡 Fed Williams speech (USD) – Fri 09:30 UTC 🟡 Average Hourly Wages YoY (CAD) – Fri 13:30 UTC SESSION OUTLOOK Asia opens into neutral RSI; watch for Fed speech reaction at session overlap. CAD data cluster at NY open is critical.

Key Levels

R: 1.40500 · 1.41000 · 1.42994

S: 1.40000 · 1.39500 · 1.39311