USDCAD London briefing — 2026-06-01

BIAS BULLISH. D1 structure and H4 EMA aligned bullish; RSI neutral mid-range supports continuation without overbought risk. H1 divergence is minor noise against larger timeframe bias. KEY LEVELS R: 1.385, 1.38698, 1.39 | S: 1.38, 1.375, 1.36847 NEWS 🟡 S&P Global Manufacturing PMI (CAD) 13:30 UTC 🟡 S&P Global Manufacturing PMI (USD) 13:45 UTC 🟡 Construction Spending (USD) 14:00 UTC SESSION OUTLOOK London opens with three medium/low PMI releases. Watch CAD PMI for directional clues; USD data secondary. Upside bias holds if supports hold through volatility. PRO UNLOCKS Entry zones, SL placement, TP clusters, liquidity sweeps, FV

Key Levels

R: 1.38500 · 1.38698 · 1.39000

S: 1.38000 · 1.37500 · 1.36847