USDCAD London briefing — 2026-07-17

BIAS BEARISH. H4/H1 EMAs aligned bearish, D1 structure confirmed down, RSI neutral avoids oversold exhaustion. KEY LEVELS R: 1.405, 1.41, 1.42463 | S: 1.40104, 1.4, 1.395 NEWS 🟡 Building Permits (USD) Fri 12:30 UTC 🟡 CAD Portfolio flows Fri 12:30 UTC SESSION OUTLOOK Watch 1.405 resistance rejection. Mid-cap USD data may trigger volatile repricing; CAD flows secondary. Bias holds if London closes below 1.4035. PRO UNLOCKS Entry zones, FVG confluence, liquidity sweeps, micro-structure patterns — unlock with Pro.

Key Levels

R: 1.40500 · 1.41000 · 1.42463

S: 1.40104 · 1.40000 · 1.39500