USDCAD New York briefing — 2026-08-18

BIAS BEARISH. Daily structure bearish; H4 EMA confirms downtrend while H1 neutral suggests intraday consolidation before continuation lower. RSI 44.67 supports weakness. KEY LEVELS R: 1.39, 1.395, 1.40801 | S: 1.385, 1.38452, 1.38 NEWS 🟡 Redbook Index YoY (12:55 UTC) 🟡 Capacity Utilization (13:15 UTC) 🟡 Industrial Production MoM (13:15 UTC) SESSION OUTLOOK Three US data releases mid-NY may trigger volatility. Watch 1.385 support—breach targets 1.38. Resistance at 1.39 caps upside on weak prints.

Key Levels

R: 1.39000 · 1.39500 · 1.40801

S: 1.38500 · 1.38452 · 1.38000