USDCAD London briefing — 2026-08-26

BIAS BULLISH — H1 EMA bullish with price holding 1.38622; RSI overbought (65.92) signals caution but D1 neutral keeps upside valid without confirmation. KEY LEVELS R: 1.39, 1.395, 1.40297 | S: 1.385, 1.38, 1.37329 NEWS 🔴 Core PCE MoM/YoY (USD) — Wed 12:30 UTC 🟡 MBA Mortgage Apps (USD) — Wed 11:00 UTC SESSION OUTLOOK Core PCE data critical for USD strength. Watch 1.39 resistance; break opens 1.395 target. If data disappoints, 1.385 support tested.

Key Levels

R: 1.39000 · 1.39500 · 1.40297

S: 1.38500 · 1.38000 · 1.37329