USDCAD London briefing — 2026-06-05

BIAS BULLISH. D1 structure firm; H4 EMA bullish supports upside. H1 neutral and RSI mid-range (58.68) show intraday caution, but higher timeframe bias intact. KEY LEVELS R: 1.39, 1.3925, 1.395 | S: 1.385, 1.38, 1.37329 NEWS 🔴 Net Change in Employment (CAD) – 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) – 12:30 UTC Low: Participation Rate (CAD) – 12:30 UTC SESSION OUTLOOK Canadian labour data drops mid-session; weak employment could spark CAD weakness and push USDCAD higher toward 1.39. Watch price reaction at 1.385 support if data surprises soft. PRO UNLOCKS Exact entries, stops

Key Levels

R: 1.39000 · 1.39250 · 1.39500

S: 1.38500 · 1.38000 · 1.37329