USDCAD London briefing — 2026-07-20

BIAS BEARISH. EMA H4/H1 aligned downtrend; D1 structure confirms lower bias; RSI neutral but price below 50 supports continuation. KEY LEVELS R: 1.405 | 1.41 | 1.42391 S: 1.4001 | 1.40 | 1.395 NEWS 🔴 BoC CPI Core YoY – 12:30 UTC 🟡 BoC CPI Core MoM – 12:30 UTC SESSION OUTLOOK Core CPI print will dominate. Soft data favours CAD strength; beat risks USD upside. Watch support hold around 1.4001 pre-news. PRO UNLOCKS Entry zones, SL placement, TP cascades, liquidity sweeps, FVG targets — unlock with Pro subscription.

Key Levels

R: 1.40500 · 1.41000 · 1.42391

S: 1.40010 · 1.40000 · 1.39500