USDCAD New York briefing — 2026-07-16

BIAS BEARISH. H4/H1 EMAs aligned downtrend, D1 structure confirms lower, RSI oversold at 22.57 suggests exhaustion continuation risk. KEY LEVELS R: 1.405, 1.41, 1.42463 | S: 1.40228, 1.4, 1.395 NEWS 🟡 Business Inventories (USD) Thu 14:00 UTC 🟡 NAHB Housing Market Index (USD) Thu 14:00 UTC 🟡 Pending Home Sales MoM (USD) Thu 14:00 UTC SESSION OUTLOOK Weak US data may extend bearish momentum. Watch support holds at 1.40228; break below opens 1.4 test. PRO UNLOCKS Entry/SL/TP1/TP2, FVG zones, liquidity sweeps, Fib levels — unlock with

Key Levels

R: 1.40500 · 1.41000 · 1.42463

S: 1.40228 · 1.40000 · 1.39500