USDCAD London briefing — 2026-09-07

BIAS BEARISH. H4 and H1 EMAs aligned downside; RSI neutral at 48 leaves room for continuation toward support. KEY LEVELS R: 1.385, 1.39, 1.39418 | S: 1.38, 1.375, 1.37329 NEWS 🟡 ADP Employment Change 4-week average — Tue 12:15 UTC 🔴 NFIB Business Optimism, Redbook Index — Tue 10:00, 12:55 UTC SESSION OUTLOOK London opens with USD-sensitive data incoming tomorrow. Watch 1.385 resistance; break below 1.38 confirms bearish structure into North American hours.

Key Levels

R: 1.38500 · 1.39000 · 1.39418

S: 1.38000 · 1.37500 · 1.37329