USDCAD London briefing — 2026-08-14

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; D1 structure confirms lower; RSI at 31.75 offers room to probe support without oversold rejection yet. KEY LEVELS R: 1.395, 1.41292 | S: 1.38944, 1.385, 1.38 NEWS 🔴 Retail Sales (USD) 12:30 UTC — High impact 🟡 Manufacturing Sales (CAD) 12:30 UTC — Low impact 🟡 Wholesale Sales (CAD) 12:30 UTC — Low impact SESSION OUTLOOK USD strength from retail data could reinforce bearish momentum. Watch 1.39 resistance; break below 1.38944 extends the move.

Key Levels

R: 1.39000 · 1.39500 · 1.41292

S: 1.38944 · 1.38500 · 1.38000