USDCAD London briefing — 2026-08-24

BIAS BEARISH. RSI overbought at 65.96 with H4/H1 EMA divergence signals exhaustion; D1 structure neutral but price rejection at 1.385 resistance supports downside bias. KEY LEVELS R: 1.385, 1.39, 1.40801 | S: 1.38, 1.375, 1.37329 NEWS 🟡 Chicago Fed National Activity Index (12:30 UTC) 🟡 3M & 6M Bill Auctions (15:30 UTC) SESSION OUTLOOK London open may trigger consolidation near 1.385 resistance. Watch for Fed data reaction; weakness could accelerate toward 1.38 support.

Key Levels

R: 1.38500 · 1.39000 · 1.40801

S: 1.38000 · 1.37500 · 1.37329