USDCAD London briefing — 2026-09-23

BIAS BULLISH. Trend alignment (D1+H4+H1), H4/H1 fair value gaps, and bullish structure override overbought RSI(77.68) and liquidity sweep of highs. KEY LEVELS R: 1.40882 | 1.41 | 1.415 | S: 1.405 | 1.4 | 1.37547 NEWS 🟡 MBA Mortgage Applications (USD) Wed 11:00 UTC 🟡 New Housing Price Index (CAD) Wed 12:30 UTC SESSION OUTLOOK London session tests resistance into mortgage data. Watch for consolidation or breakout confirmation above 1.41 on light volume ahead of housing prints.

Key Levels

R: 1.40882 · 1.41000 · 1.41500

S: 1.40500 · 1.40000 · 1.37547