USDCAD London briefing — 2026-09-08

BIAS BEARISH. EMA H4/H1 aligned downtrend, D1 structure confirms lower bias; RSI neutral at 34.51 supports continuation without overbought resistance. KEY LEVELS R: 1.38, 1.385, 1.39418 | S: 1.375, 1.37329, 1.37 NEWS 🟡 ADP Employment Change 4-week average (USD) 12:15 UTC | 🔴 NFIB Business Optimism Index (USD) 10:00 UTC | 🔴 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK London opens into mixed USD data. Watch 1.375 hold; break below extends downside pressure toward 1.37329.

Key Levels

R: 1.38000 · 1.38500 · 1.39418

S: 1.37500 · 1.37329 · 1.37000