USDCAD London briefing — 2026-08-11

BIAS BEARISH — H4 and H1 EMAs aligned downward; RSI at 38 (neutral-low) supports weakness without oversold extremes; D1 structure neutral but intraday momentum clear. KEY LEVELS R: 1.395, 1.4, 1.41292 | S: 1.39244, 1.39, 1.385 NEWS 🟡 ADP Employment Change 4-week average — 12:15 UTC 🔴 NFIB Business Optimism Index — 10:00 UTC 🔴 Redbook Index (YoY) — 12:55 UTC SESSION OUTLOOK US data cluster mid-session may trigger volatility; watch if weakness holds 1.395 or if data surprises spark retracement toward resistance.

Key Levels

R: 1.39500 · 1.40000 · 1.41292

S: 1.39244 · 1.39000 · 1.38500