USDCAD London briefing — 2026-09-02

BIAS BULLISH. D1 structure bullish, H1 EMA bullish; RSI 66 neutral but not overbought; H4 EMA divergence noted but daily bias dominates. KEY LEVELS R: 1.39418, 1.395, 1.4 | S: 1.39, 1.385, 1.37329 NEWS 🔴 ADP Employment Change (USD) 12:15 UTC — high impact USD catalyst. 🟡 Labor Productivity QoQ (CAD) 12:30 UTC — low impact. SESSION OUTLOOK ADP employment release dominates London session volatility. Watch price hold above 1.39 support on any USD strength dip; bullish structure favors topside probes toward 1.39418.

Key Levels

R: 1.39418 · 1.39500 · 1.40000

S: 1.39000 · 1.38500 · 1.37329