USDCAD New York briefing — 2026-08-17

BIAS NEUTRAL — RSI oversold (23.43) conflicts with bearish EMA alignment (H4/H1/D1). Bounce potential vs. downtrend continuation unresolved. KEY LEVELS R: 1.39, 1.395, 1.411 | S: 1.38523, 1.385, 1.38 NEWS 🟡 NAHB Housing Index 14:00 UTC | 🟡 3M/6M Bill Auctions 15:30 UTC SESSION OUTLOOK Monitor oversold bounce off 1.38523; USD data (housing, auctions) may spark volatility into NY session. Watch if price reclaims 1.39 or breaks lower.

Key Levels

R: 1.39000 · 1.39500 · 1.41100

S: 1.38523 · 1.38500 · 1.38000