USDCAD New York briefing — 2026-08-07

BIAS BEARISH. H4/H1 EMAs aligned downside; RSI 30 neutral but price below H4 trend. D1 bullish structure creates conflict, but intraday momentum favors bears. KEY LEVELS R: 1.40, 1.405, 1.41292 | S: 1.39639, 1.395, 1.39 NEWS 🟡 Ivey PMI (CAD) 14:00 UTC 🟡 Ivey PMI s.a (CAD) 14:00 UTC 🟡 Baker Hughes Rig Count (USD) 17:00 UTC SESSION OUTLOOK Ivey data risk at NY open; watch reaction at 1.40 resistance. Oil rig data later may shift USD momentum.

Key Levels

R: 1.40000 · 1.40500 · 1.41292

S: 1.39639 · 1.39500 · 1.39000