USDCAD London briefing — 2026-08-07

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 46.18 avoids overbought rejection; D1 structure remains neutral but doesn't contradict the hourly bearish setup. KEY LEVELS R: 1.405, 1.41, 1.41292 | S: 1.4, 1.39906, 1.395 NEWS 🔴 Net Change in Employment (CAD) — Fri 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) — Fri 12:30 UTC SESSION OUTLOOK High-impact Canadian labour data at London open could trigger volatility. Watch for a retest of 1.4 support or rejection into 1.395 if weakness persists post-print.

Key Levels

R: 1.40500 · 1.41000 · 1.41292

S: 1.40000 · 1.39906 · 1.39500