USDCAD London briefing — 2026-08-18

BIAS BEARISH. EMA alignment (H4/H1 bearish) + D1 structure + RSI 41 supports downside; 1.38696 tests support cluster. KEY LEVELS R: 1.39, 1.395, 1.40801 | S: 1.38452, 1.385, 1.38 NEWS 🟡 Housing Starts YoY (CAD) 12:15 UTC 🟡 ADP 4-week avg (USD) 12:15 UTC 🟡 Building Permits MoM (USD) 12:30 UTC SESSION OUTLOOK London open focuses on USD data (ADP, Permits). CAD housing print has low impact. Watch 1.385 hold; breach risks 1.38.

Key Levels

R: 1.39000 · 1.39500 · 1.40801

S: 1.38500 · 1.38452 · 1.38000