USDCAD London briefing — 2026-10-21

BIAS BEARISH. D1 + H4 + H1 trend confluence, H4 and H1 fair value gaps, and bearish D1 structure drive directional weakness despite neutral RSI(14). KEY LEVELS R: 1.41, 1.415, 1.43015 | S: 1.405, 1.4033, 1.4 NEWS 🟡 MBA Mortgage Applications 11:00 UTC | 🟡 EIA Crude Oil Stocks 14:30 UTC | 🟡 EIA Distillate Stocks 14:30 UTC SESSION OUTLOOK London opens into low-impact data. Watch H1 fair value gap zones for sell pressure toward support; no liquidity sweep detected leaves risk asymmetric lower.

Key Levels

R: 1.41000 · 1.41500 · 1.43015

S: 1.40500 · 1.40330 · 1.40000