USDCAD London briefing — 2026-05-21

BIAS BULLISH. EMA H4/H1 aligned bullish; D1 structure confirms uptrend; RSI neutral doesn't override multi-timeframe strength. KEY LEVELS R: 1.37787, 1.38, 1.385 | S: 1.375, 1.37, 1.35729 NEWS 🟡 Building Permits (USD) Thu 12:30 UTC [MEDIUM] 🔴 Employment Insurance Beneficiaries (CAD) Thu 12:30 UTC [LOW] SESSION OUTLOOK USD data could trigger volatility at London open. Watch 1.37787 resistance; break signals extension toward 1.385. PRO UNLOCKS Entry 1.37750 | SL 1.37550 | TP1 1.38050 | TP2 1.38500 | FVG 1.37600–1.37700

Key Levels

R: 1.37787 · 1.38000 · 1.38500

S: 1.37500 · 1.37000 · 1.35729