USDCAD London briefing — 2026-05-14

BIAS BULLISH — D1 structure confirms strength despite H4/H1 divergence; RSI neutral supports continuation without overextension. KEY LEVELS R: 1.37239, 1.375, 1.38 | S: 1.37, 1.365, 1.35503 NEWS 🟡 Wholesale Sales MoM (CAD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC 🟡 Export Price Index MoM (USD) Thu 12:30 UTC SESSION OUTLOOK London opens near resistance; watch for breakout above 1.37239 on weaker CAD data. Consolidation likely before US session inflection. PRO UNLOCKS Entry 1.3724, SL 1.3686, TP1 1.375, TP2 1.38, FVG

Key Levels

R: 1.37239 · 1.37500 · 1.38000

S: 1.37000 · 1.36500 · 1.35503