USDCAD London briefing — 2026-08-19

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 46.87 prevents overextension concern; D1 structure neutral but intraday momentum favors bears. KEY LEVELS R: 1.39, 1.395, 1.40801 | S: 1.385, 1.38452, 1.38 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) | 🟡 EIA Crude Oil & Distillate Stocks (Wed 14:30 UTC) SESSION OUTLOOK London session may test 1.385 support. Low-impact data unlikely to derail downtrend; watch crude correlation for volatility spikes at 14:30 UTC.

Key Levels

R: 1.39000 · 1.39500 · 1.40801

S: 1.38500 · 1.38452 · 1.38000