USDCAD London briefing — 2026-08-06

BIAS BEARISH — H4/H1 EMAs aligned downward; RSI 38.37 neutral but price respects lower structure. D1 bullish conflicts, but intraday momentum favors sellers. KEY LEVELS R: 1.405, 1.41, 1.41292 | S: 1.4, 1.39911, 1.395 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK US labour data mid-session may trigger volatility. Watch 1.405 resistance rejection; breach below 1.4 confirms continuation.

Key Levels

R: 1.40500 · 1.41000 · 1.41292

S: 1.40000 · 1.39911 · 1.39500