USDCAD London briefing — 2026-10-29

BIAS BEARISH. D1 trend + H4 EMA + H1 EMA all aligned downside; H1 fair value gaps reinforce lower bias despite H4 FVGs offering minor bullish tension. KEY LEVELS R: 1.4, 1.405, 1.43015 | S: 1.39697, 1.395, 1.39 NEWS 🔴 Core PCE MoM/YoY (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK US inflation data arrives mid-session; watch CAD reaction to USD strength shifts. H1 structure favors probes toward support on weakness.

Key Levels

R: 1.40000 · 1.40500 · 1.43015

S: 1.39697 · 1.39500 · 1.39000