USDCAD London briefing — 2026-07-01

BIAS BULLISH. H4 & H1 EMAs aligned uptrend; D1 structure confirms strength. RSI 58 neutral but not conflicting—price above key moving averages. KEY LEVELS R: 1.42486, 1.425, 1.43 | S: 1.42, 1.415, 1.3951 NEWS 🔴 ADP Employment Change (USD) 12:15 UTC 🔴 BoC Governor Macklem speech (CAD) 13:00 UTC 🟡 MBA Mortgage Applications (USD) 11:00 UTC SESSION OUTLOOK ADP & Macklem speech dominate London hours. USD strength expected, but BoC rhetoric may cap USDCAD upside if dovish. Watch 1.425 resistance hold. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones

Key Levels

R: 1.42486 · 1.42500 · 1.43000

S: 1.42000 · 1.41500 · 1.39510