USDCAD London briefing — 2026-09-09

BIAS NEUTRAL. H4/H1 bearish EMAs conflict with oversold RSI (27) and neutral D1 structure—no conviction edge. KEY LEVELS R: 1.38, 1.385, 1.39418 | S: 1.375, 1.37329, 1.37 NEWS 🟡 ADP Employment Change 4-week average (Wed 12:15 UTC) 🔴 MBA Mortgage Applications, Redbook Index (Wed 11:00, 12:55 UTC) SESSION OUTLOOK ADP release at London mid-session may trigger USD strength. Watch RSI bounce from oversold or rejection at 1.375 support.

Key Levels

R: 1.38000 · 1.38500 · 1.39418

S: 1.37500 · 1.37329 · 1.37000