USDCAD New York briefing — 2026-08-28

BIAS BEARISH — H4/H1 EMA divergence signals weakening upside momentum; RSI neutral at 53 keeps door open but D1 structure offers no bullish anchor. KEY LEVELS R: 1.395, 1.39685 | S: 1.385, 1.38, 1.37329 NEWS 🔴 Fed Chair Warsh Speech (14:00 UTC) 🟡 Chicago PMI (13:45 UTC) 🟡 Michigan Consumer Expectations (14:00 UTC) SESSION OUTLOOK Warsh speech carries policy weight; watch USD reaction. Bearish setup holds if sellers defend 1.39 resistance into NY close.

Key Levels

R: 1.39000 · 1.39500 · 1.39685

S: 1.38500 · 1.38000 · 1.37329