USDCAD London briefing — 2026-05-22

BIAS BULLISH. D1 structure + aligned H4/H1 EMAs confirm uptrend despite neutral RSI(67.54). KEY LEVELS R: 1.38, 1.38004, 1.385 | S: 1.375, 1.37, 1.35729 NEWS 🟡 Fed's Waller speech 08:00 UTC (USD strength risk) | 🟡 CAD employment + industrial data 12:30 UTC (low impact) SESSION OUTLOOK Watch Waller speech for USD momentum; London session may consolidate before data. Break above 1.38 targets 1.385 resistance. PRO UNLOCKS Entry zones, SL placement, TP clusters, FVG liquidity sweeps, Fibonacci projections — unlock with Pro subscription.

Key Levels

R: 1.38000 · 1.38004 · 1.38500

S: 1.37500 · 1.37000 · 1.35729