USDCAD London briefing — 2026-05-05

BIAS BULLISH. D1 structure dominates hierarchy despite H4 bearish EMA; RSI neutral supports upside potential. KEY LEVELS R: 1.365, 1.37, 1.37984 | S: 1.36, 1.35503, 1.355 NEWS 🟡 CAD Exports, Imports, Merchandise Trade — 12:30 UTC (LOW impact) SESSION OUTLOOK London open may test resistance 1.365 on weak Canadian data. Watch for consolidation before North American session entry. PRO UNLOCKS Entry 1.3625 | SL 1.3540 | TP1 1.3680 | TP2 1.3750 | FVG 1.3595–1.3605 | Liquidity sweep 1.36 support

Key Levels

R: 1.36500 · 1.37000 · 1.37984

S: 1.36000 · 1.35503 · 1.35500