USDCAD London briefing — 2026-09-03

BIAS BEARISH. H4/H1 EMAs aligned downside; RSI at 34 shows oversold pressure without upside confirmation; D1 neutral keeps risk managed. KEY LEVELS R: 1.385, 1.39, 1.39418 | S: 1.38, 1.375, 1.37329 NEWS 🟡 Challenger Job Cuts (USD) Thu 09:30 UTC | 🟡 Exports/Imports (CAD) Thu 12:30 UTC SESSION OUTLOOK Watch USD data for volatility spikes early. CAD releases mid-session may test support structure; downtrend stays intact unless 1.385 breaks.

Key Levels

R: 1.38500 · 1.39000 · 1.39418

S: 1.38000 · 1.37500 · 1.37329