USDCAD London briefing — 2026-10-28

BIAS BEARISH. D1 structure + H4 EMA + H1 EMA combined vote override H1 fair value gap bullish bias and neutral RSI. KEY LEVELS R: 1.41, 1.415, 1.43015 | S: 1.405, 1.4, 1.39697 NEWS 🟡 MBA Mortgage Applications (11:00 UTC) 🟡 Goods Trade Balance (12:30 UTC) 🟡 Wholesale Inventories (12:30 UTC) SESSION OUTLOOK London opens into soft data prints; downside pressure favored if trend holds. Watch 1.405 for continuation signal.

Key Levels

R: 1.41000 · 1.41500 · 1.43015

S: 1.40500 · 1.40000 · 1.39697