USDCAD New York briefing — 2026-08-21

BIAS BEARISH — H4/H1 EMAs aligned downward, RSI deeply oversold at 20.79 signals exhaustion; daily structure neutral but short-term momentum favors bears. KEY LEVELS R: 1.375, 1.38, 1.40801 | S: 1.37329, 1.37, 1.365 NEWS 🔴 S&P Global Manufacturing PMI (USD) — Fri 21 Aug, 13:45 UTC 🔴 S&P Global Services PMI (USD) — Fri 21 Aug, 13:45 UTC 🟡 S&P Global Composite PMI (USD) — Fri 21 Aug, 13:45 UTC SESSION OUTLOOK PMI data at New York open will test buyer conviction. Oversold RSI risks bounce; watch 1.375 resistance for rejection confirmation.

Key Levels

R: 1.37500 · 1.38000 · 1.40801

S: 1.37329 · 1.37000 · 1.36500