USDCAD London briefing — 2026-07-21

BIAS BEARISH — Price near resistance 1.41 with RSI neutral (59.86) and divergent EMA signals (H4/H1 neutral vs. D1 neutral structure); weak momentum suggests downside toward support. KEY LEVELS R: 1.41, 1.415, 1.42391 | S: 1.405, 1.4001, 1.4 NEWS 🟡 ADP Employment Change 4-week avg (USD) Tue 12:15 UTC 🟡 Redbook Index YoY (USD) Tue 12:55 UTC 🟡 API Weekly Crude Oil Stock Tue 20:30 UTC SESSION OUTLOOK London open will test 1.41 resistance; ADP data may spark USD volatility. Watch rejection into support zone 1.405–1.4001. PRO UNLOCKS Entry, SL, TP1,

Key Levels

R: 1.41000 · 1.41500 · 1.42391

S: 1.40500 · 1.40010 · 1.40000