USDCAD London briefing — 2026-08-17

BIAS NEUTRAL — RSI oversold favors bounce, but H4/H1 bearish EMAs and D1 structure conflict. No clear directional edge until structural conviction emerges. KEY LEVELS R: 1.39, 1.395, 1.411 | S: 1.38552, 1.385, 1.38 NEWS 🔴 BoC CPI Core (MoM/YoY) — Mon 12:30 UTC 🟡 Portfolio Investment — Mon 12:30 UTC SESSION OUTLOOK BoC inflation data at London open will drive volatility. Watch if CAD strengthens on hot prints, breaking oversold bounce setup.

Key Levels

R: 1.39000 · 1.39500 · 1.41100

S: 1.38552 · 1.38500 · 1.38000