USDCAD London briefing — 2026-06-03

BIAS BULLISH — H4/H1 EMAs aligned uptrend, D1 structure bullish, though RSI 70.88 signals overbought conditions warrant caution on momentum continuation. KEY LEVELS R: 1.38698, 1.39, 1.395 | S: 1.385, 1.38, 1.37155 NEWS 🔴 ADP Employment Change (USD) 12:15 UTC — high impact 🟡 MBA Mortgage Applications (USD) 11:00 UTC — low impact 🟡 Labor Productivity QoQ (CAD) 12:30 UTC — low impact SESSION OUTLOOK ADP print drives USD volatility mid-session. Watch 1.38698 resistance; overbought RSI may trigger pullback to support before directional continuation. PRO UNLOCKS Entry, SL, TP1, TP2, FVG

Key Levels

R: 1.38698 · 1.39000 · 1.39500

S: 1.38500 · 1.38000 · 1.37155