USDCAD London briefing — 2026-06-04

BIAS BULLISH. H1/H4 EMA aligned bullish, D1 structure confirmed, but RSI 84 warns of exhaustion risk—remain cautious on momentum fade. KEY LEVELS R: 1.39189, 1.395, 1.4 | S: 1.39, 1.385, 1.37329 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Watch US labor data for USD strength confirmation. Overbought RSI may trigger pullback to 1.39 support before continuation. PRO UNLOCKS Entry zones, SL placement, TP1/TP2, FVG liquidity, Fibonacci extensions—unlock with Pro membership.

Key Levels

R: 1.39189 · 1.39500 · 1.40000

S: 1.39000 · 1.38500 · 1.37329