USDCAD New York briefing — 2026-08-20

BIAS NEUTRAL — RSI oversold at 22.51 signals reversal potential, but H4/H1 bearish EMA alignment conflicts with daily neutral structure. No clear directional edge. KEY LEVELS R: 1.38, 1.385, 1.40801 | S: 1.37556, 1.375, 1.37 NEWS 🟡 Fed's Musalem speech 15:10 UTC | 🔴 EIA Natural Gas 14:30 UTC | 4-Week Bill Auction 15:30 UTC SESSION OUTLOOK Watch Musalem speech for USD reaction. Oversold bounce possible toward 1.38, but bearish EMA structure may cap upside.

Key Levels

R: 1.38000 · 1.38500 · 1.40801

S: 1.37556 · 1.37500 · 1.37000