USDCAD London briefing — 2026-10-12

BIAS BULLISH. Daily structure, H4 EMA, and H4 fair-value gaps drive direction despite H1 divergence and neutral RSI. KEY LEVELS R: 1.425, 1.43, 1.43015 | S: 1.42, 1.415, 1.38972 NEWS 🟡 Fed Hammack speech Mon 16:50 UTC | 🟡 Fed Waller speech Tue 07:45 UTC SESSION OUTLOOK Watch 1.425 resistance in London. Hammack speech intraday may trigger volatility; frame holds until broken.

Key Levels

R: 1.42500 · 1.43000 · 1.43015

S: 1.42000 · 1.41500 · 1.38972