USDCAD New York briefing — 2026-10-28

BIAS BEARISH. D1 structure, H4 EMA, and combined trend vote drive downside; H1 FVGs and H4 FVGs offer pullback resistance. KEY LEVELS R: 1.405, 1.41, 1.43015 | S: 1.4, 1.39697, 1.395 NEWS 🔴 BoC Interest Rate Decision (CAD) Wed 28 Oct 13:45 UTC 🟡 Goods Trade Balance (USD) Wed 28 Oct 12:30 UTC 🟡 Wholesale Inventories (USD) Wed 28 Oct 12:30 UTC SESSION OUTLOOK BoC decision dominates; rate hold/cut favors CAD strength. Watch for sell pressure into lower supports if data surprises bearish.

Key Levels

R: 1.40500 · 1.41000 · 1.43015

S: 1.40000 · 1.39697 · 1.39500