USDCAD London briefing — 2026-08-28

BIAS BEARISH — RSI neutral at 53.1, but H4/H1 EMAs divergent on intraday weakness; D1 structure supports downside bias into support cluster. KEY LEVELS R: 1.39, 1.395, 1.39685 | S: 1.385, 1.38, 1.37329 NEWS 🔴 GDP Annualized (CAD) — Fri 12:30 UTC 🟡 GDP MoM & QoQ (CAD) — Fri 12:30 UTC SESSION OUTLOOK Canadian GDP data arrives mid-London. Weak prints extend bearish pressure toward 1.38; strong data risks reversal into resistance.

Key Levels

R: 1.39000 · 1.39500 · 1.39685

S: 1.38500 · 1.38000 · 1.37329