USDCAD New York briefing — 2026-10-23

BIAS BEARISH. D1 + H4/H1 EMA trend votes combined with H4/H1 fair value gaps outweigh the liquidity sweep low. KEY LEVELS R: 1.4, 1.405, 1.43015 | S: 1.39968, 1.395, 1.39 NEWS 🟡 CAD Retail Sales (MoM) — Fri 12:30 UTC 🟡 CAD Retail Sales ex Autos (MoM) — Fri 12:30 UTC 🟡 USD S&P Global Composite PMI — Fri 13:45 UTC SESSION OUTLOOK Weaker CAD data supports bearish structure. Watch PMI for USD strength confirmation into close.

Key Levels

R: 1.40000 · 1.40500 · 1.43015

S: 1.39968 · 1.39500 · 1.39000