USDCAD London briefing — 2026-08-05

BIAS BULLISH — D1 structure bullish; H1 EMA bullish supports upside momentum despite RSI neutral at 64.69. KEY LEVELS R: 1.41, 1.41292, 1.415 | S: 1.405, 1.4, 1.39911 NEWS 🔴 ADP Employment Change — Wed 12:15 UTC 🟡 S&P Global Composite PMI — Wed 13:45 UTC 🟡 MBA Mortgage Applications — Wed 11:00 UTC SESSION OUTLOOK ADP and PMI risk volatility around London afternoon. Watch 1.41 resistance for breakout confirmation or rejection into support.

Key Levels

R: 1.41000 · 1.41292 · 1.41500

S: 1.40500 · 1.40000 · 1.39911