USDCAD London briefing — 2026-09-16

BIAS NEUTRAL. EMA H4/H1 bullish conflicts with D1 bearish bias and overbought RSI (67.87); no clear directional edge. KEY LEVELS R: 1.39418, 1.395, 1.4 | S: 1.39, 1.385, 1.37547 NEWS 🟡 MBA Mortgage Applications (USD) 11:00 UTC | 🟡 Housing Starts YoY (CAD) 12:15 UTC | 🟡 Building Permits MoM (CAD) 12:30 UTC SESSION OUTLOOK Low-impact data cluster. Watch 1.39418 resistance; rejection here leans bearish toward support. Break above strengthens bullish H4 structure.

Key Levels

R: 1.39418 · 1.39500 · 1.40000

S: 1.39000 · 1.38500 · 1.37547