USDCAD London briefing — 2026-08-12

BIAS BEARISH. H1/H4 EMAs aligned downward, D1 structure confirms, RSI neutral avoids oversold trap. KEY LEVELS R: 1.395, 1.4, 1.41292 | S: 1.3916, 1.39, 1.385 NEWS 🔴 US CPI (MoM) Wed 12:30 UTC — inflation data drives USD flow 🟡 MBA Mortgage Apps Wed 11:00 UTC 🟡 CAD Building Permits Wed 12:30 UTC SESSION OUTLOOK CPI dominates. USD strength could test 1.395 resistance; weaker print supports downside toward 1.39 support. Watch momentum into London close.

Key Levels

R: 1.39500 · 1.40000 · 1.41292

S: 1.39160 · 1.39000 · 1.38500