USDCAD London briefing — 2026-07-08

BIAS BULLISH. Daily structure bullish; RSI neutral 33.23 avoids overbought compression; H4/H1 neutral but not conflicting—momentum building phase typical of early bull moves. KEY LEVELS R: 1.42, 1.42486, 1.425 | S: 1.415, 1.41, 1.3951 NEWS 🟡 MBA Mortgage Applications (11:00 UTC) 🟡 Wholesale Inventories (14:00 UTC) 🟡 EIA Crude Oil Stocks (14:30 UTC) SESSION OUTLOOK London opens with low-impact US data; watch 1.415 support hold. Momentum likely builds into American morning if crude inventory favors USD strength. PRO UNLOCKS Exact entries, stops, targets, FVG liquidity zones, Fibonacci extensions—unlock with Pro.

Key Levels

R: 1.42000 · 1.42486 · 1.42500

S: 1.41500 · 1.41000 · 1.39510