USDCAD London briefing — 2026-05-20

BIAS BULLISH — D1 structure confirmed, H4/H1 EMAs aligned upward, RSI neutral supports continuation. KEY LEVELS R: 1.37749, 1.38, 1.385 | S: 1.375, 1.37, 1.35503 NEWS MBA Mortgage Applications 11:00 UTC 🟡 | EIA Crude Oil Stocks 14:30 UTC 🟡 | 20-Year Bond Auction 17:00 UTC 🟡 SESSION OUTLOOK London open may test 1.37749 resistance. Watch bond auction reaction; USD strength likely maintains upside bias into NY overlap. PRO UNLOCKS Entry 1.37749, SL 1.375, TP1 1.38, TP2 1.385, FVG 1.376–1.378 — unlock with Pro

Key Levels

R: 1.37749 · 1.38000 · 1.38500

S: 1.37500 · 1.37000 · 1.35503