USDCAD New York briefing — 2026-07-31

BIAS BEARISH — H4 EMA bearish despite H1 neutrality and RSI(14) at 46 (midpoint); D1 structure neutral but lower timeframe momentum offers downside edge. KEY LEVELS R: 1.405, 1.41, 1.41798 | S: 1.4, 1.39911, 1.395 NEWS 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Michigan Consumer Sentiment & Expectations (USD) 14:00 UTC SESSION OUTLOOK Three medium-impact US data releases hit NY open. Watch USD reaction; soft data could trigger liquidation toward 1.4 support. Divergent timeframe structure demands caution.

Key Levels

R: 1.40500 · 1.41000 · 1.41798

S: 1.40000 · 1.39911 · 1.39500