USDCAD London briefing — 2026-08-20

BIAS NEUTRAL. RSI oversold suggests reversal potential, but H4/H1 EMAs remain bearish while D1 structure lacks directional conviction—conflicting signals demand caution. KEY LEVELS R: 1.38, 1.385, 1.40801 | S: 1.37874, 1.375, 1.37 NEWS 🟡 Employment Insurance Beneficiaries Change (CAD) 12:30 UTC 🟡 Industrial Product Price (CAD) 12:30 UTC 🟡 New Housing Price Index (CAD) 12:30 UTC SESSION OUTLOOK Three low-impact CAD releases cluster at London open. Watch for consolidation near 1.37874 support; break above 1.38 needed to challenge bearish structure.

Key Levels

R: 1.38000 · 1.38500 · 1.40801

S: 1.37874 · 1.37500 · 1.37000