USDCAD London briefing — 2026-07-16

BIAS BEARISH — H1/H4 EMA aligned bearish, RSI oversold at 27.32 signals exhaustion, D1 structure confirms downtrend. KEY LEVELS R: 1.405, 1.41, 1.42463 | S: 1.4024, 1.4, 1.395 NEWS 🟡 Initial Jobless Claims (USD) 12:30 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC 🔴 Housing Starts (CAD) 12:15 UTC SESSION OUTLOOK USD weakness into jobless data may accelerate CAD strength. Watch 1.405 resistance rejection; support holds define continuation. PRO UNLOCKS Entry zones, SL placement, TP targets, FVG/liquidity sweep analysis — unlock with Pro subscription.

Key Levels

R: 1.40500 · 1.41000 · 1.42463

S: 1.40240 · 1.40000 · 1.39500