USDCAD London briefing — 2026-10-07

BIAS BULLISH. D1 structure, H4 EMA, and H1 FVGs align upward despite H4 FVG headwind and neutral RSI. KEY LEVELS R: 1.425, 1.42941, 1.43 | S: 1.42, 1.415, 1.37994 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil Stocks (Wed 14:30 UTC) 🟡 EIA Distillate Stocks (Wed 14:30 UTC) SESSION OUTLOOK London opens into neutral RSI; watch for H4 FVG rejection or H1 bullish continuation. Low-impact data unlikely to disrupt trend flow.

Key Levels

R: 1.42500 · 1.42941 · 1.43000

S: 1.42000 · 1.41500 · 1.37994