USDCAD New York briefing — 2026-10-16

BIAS BEARISH. D1 + EMA H4 + EMA H1 trend vote combined with H4 and H1 fair value gaps confirm downside directional bias. KEY LEVELS R: 1.42, 1.425, 1.43015 | S: 1.415, 1.41, 1.39828 NEWS 🟡 Housing Starts s.a (YoY) CAD, Fri 12:15 UTC 🟡 Canadian Portfolio Investment in Foreign Securities CAD, Fri 12:30 UTC 🟡 Foreign Portfolio Investment in Canadian Securities CAD, Fri 12:30 UTC SESSION OUTLOOK NY session opens into low-impact Canadian data. Watch for continuation toward support as liquidity clears weak resistance zones above.

Key Levels

R: 1.42000 · 1.42500 · 1.43015

S: 1.41500 · 1.41000 · 1.39828