USDCAD London briefing — 2026-09-01

BIAS NEUTRAL — H4 bearish vs H1 neutral conflicts; D1 bullish but RSI neutral at 44.97 leaves no clear directional edge. KEY LEVELS R: 1.39, 1.395, 1.39584 | S: 1.385, 1.38, 1.37329 NEWS 🟡 Redbook Index YoY (USD) 12:55 UTC 🟡 Fed Barr speech (USD) 13:05 UTC 🟡 S&P Global Manufacturing PMI (CAD) 13:30 UTC SESSION OUTLOOK Three medium/low catalysts cluster in early London; USD rhetoric from Barr could trigger volatility. Watch 1.39 resistance for rejection or break confirmation.

Key Levels

R: 1.39000 · 1.39500 · 1.39584

S: 1.38500 · 1.38000 · 1.37329