USDCAD London briefing — 2026-05-07

BIAS BULLISH — D1 structure overrides neutral RSI; H4 neutral weighted against H1 bullish continuation. KEY LEVELS R: 1.365, 1.37, 1.37984 | S: 1.36, 1.35503, 1.355 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Expect USD strength risk into jobless data clusters. Watch 1.365 resistance for breakout confirmation; hold above 1.36 support to maintain bullish structure. PRO UNLOCKS Entry 1.3645, SL 1.3598, TP1 1.3698, TP2 1.37542 | FVG

Key Levels

R: 1.36500 · 1.37000 · 1.37984

S: 1.36000 · 1.35503 · 1.35500