USDCAD New York briefing — 2026-07-17

BIAS BEARISH. EMA H4/H1 aligned downtrend, D1 bearish structure, RSI oversold at 28.97 signals exhaustion setup. KEY LEVELS R: 1.405, 1.41, 1.42463 | S: 1.40104, 1.4, 1.395 NEWS 🟡 Capacity Utilization 13:15 UTC 🟡 Industrial Production (MoM) 13:15 UTC 🟡 Michigan Consumer Expectations 14:00 UTC SESSION OUTLOOK Weak USD data may extend USDCAD downside into support. Watch 1.40 for bounce reversal risk; oversold conditions favor mean reversion. PRO UNLOCKS Entry targets, SL placement, TP zones, FVG sweeps, liquidity traps—unlock with Pro subscription.

Key Levels

R: 1.40500 · 1.41000 · 1.42463

S: 1.40104 · 1.40000 · 1.39500