USDCAD London briefing — 2026-08-31

BIAS BULLISH. Daily structure supports upside despite H1/H4 EMA neutrality; RSI 55.72 offers room to run higher without overbought warning. KEY LEVELS R: 1.395, 1.39584 | S: 1.385, 1.38, 1.37329 NEWS 🟡 Dallas Fed Manufacturing (14:30 UTC) 🟡 3M/6M Bill Auctions (15:30 UTC) SESSION OUTLOOK London opens near 1.38951. Watch for USD demand on manufacturing data; auctions unlikely to shift pairs materially. 1.39 is the session key.

Key Levels

R: 1.39000 · 1.39500 · 1.39584

S: 1.38500 · 1.38000 · 1.37329