USDCAD London briefing — 2026-08-03

BIAS BEARISH — H4 EMA bearish, RSI neutral midpoint, D1 structure supports downside bias despite H1 neutral divergence. KEY LEVELS R: 1.405, 1.41, 1.41292 | S: 1.4, 1.39911, 1.395 NEWS 🟡 S&P Global Manufacturing PMI (USD) 13:45 UTC 🟡 Construction Spending MoM (USD) 14:00 UTC 🟡 ISM Manufacturing Employment Index (USD) 14:00 UTC SESSION OUTLOOK London opens into three medium-impact US data prints mid-session. Watch for USD reaction; soft data could extend bearish momentum toward 1.4 support.

Key Levels

R: 1.40500 · 1.41000 · 1.41292

S: 1.40000 · 1.39911 · 1.39500