USDCAD London briefing — 2026-05-11

BIAS BEARISH. D1 structure governs: neutral technicals + weak US data flow favors CAD strength into London. KEY LEVELS R: 1.37, 1.37141, 1.375 | S: 1.365, 1.36, 1.35503 NEWS Existing Home Sales MoM 🟡 14:00 UTC | 3-Month Bill Auction 🔴 15:30 UTC SESSION OUTLOOK Watch Existing Home Sales reaction near 1.37 resistance. Bill auction may anchor USD weakness mid-session; test 1.365 support. PRO UNLOCKS [Entry 1.3685, SL 1.3715, TP1 1.365, TP2 1.360 | FVG 1.3680–1.3695 — Pro members unlock full sweep & Fib analysis]

Key Levels

R: 1.37000 · 1.37141 · 1.37500

S: 1.36500 · 1.36000 · 1.35503