USDCAD London briefing — 2026-09-21

BIAS BULLISH. D1+H4+H1 EMA confluence, H4/H1 fair value gaps, and bullish daily structure drive directional bias despite RSI overbought signal. KEY LEVELS R: 1.40222, 1.405, 1.41 | S: 1.4, 1.395, 1.37547 NEWS 🔴 BoC Governor Macklem speech (CAD) Mon 15:00 UTC | 🟡 Fed Goolsbee speech (USD) Mon 10:30 UTC | 🟡 Chicago Fed Activity Index (USD) Mon 12:30 UTC SESSION OUTLOOK Watch Goolsbee remarks for USD strength confirmation. Macklem speech high-impact for CAD volatility; bullish bias holds if USD extends through 1.405 resistance.

Key Levels

R: 1.40222 · 1.40500 · 1.41000

S: 1.40000 · 1.39500 · 1.37547