USDCAD London briefing — 2026-05-08

BIAS BULLISH — H1 EMA bullish overrides neutral D1; RSI 62.58 confirms momentum without overbought signal. KEY LEVELS R: 1.37, 1.375, 1.37984 | S: 1.365, 1.36, 1.35503 NEWS 🟡 Fed Cook speech — 09:45 UTC 🔴 CAD Employment — 12:30 UTC 🟡 CAD Wage Growth — 12:30 UTC SESSION OUTLOOK Strong CAD data at 12:30 UTC could spark volatility; watch for H1 breakout above 1.37 into London's peak hours. PRO UNLOCKS Entry 1.3675 | SL 1.3635 | TP1 1.3720 | TP2 1.3785 | FVG 1.3610–1.

Key Levels

R: 1.37000 · 1.37500 · 1.37984

S: 1.36500 · 1.36000 · 1.35503