USDCAD London briefing — 2026-07-29

BIAS BULLISH. D1 structure bullish; RSI neutral supports upside bias. H4 bearish vs H1 neutral creates minor conflict, but daily framework dominates. KEY LEVELS R: 1.41, 1.415, 1.41798 | S: 1.405, 1.4001, 1.4 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil Stocks (Wed 14:30 UTC) 🟡 BoC Summary of Deliberations (Wed 17:30 UTC) SESSION OUTLOOK Watch for BoC statement impact late session—CAD sensitivity high. London open likely tests 1.41 resistance; hold above 1.405 support for continuation. PRO UNLOCKS Entry zones, SL/TP structure, FVG identification, liquidity sweep points—unlock with Pro subscription.

Key Levels

R: 1.41000 · 1.41500 · 1.41798

S: 1.40500 · 1.40010 · 1.40000