USDCAD London briefing — 2026-08-04

BIAS BULLISH. D1 structure supports upside; RSI neutral at 61.83 avoids overbought; H1/H4 EMAs divergent but not invalidating the daily bias. KEY LEVELS R: 1.41, 1.41292, 1.415 | S: 1.405, 1.4, 1.39911 NEWS 🟡 CAD Exports, Imports, Trade Balance — Tue 12:30 UTC (LOW impact) SESSION OUTLOOK London open may test 1.41 resistance. CAD data release could spark volatility; watch for holds above 1.405 support.

Key Levels

R: 1.41000 · 1.41292 · 1.41500

S: 1.40500 · 1.40000 · 1.39911