USDCAD London briefing — 2026-09-10

BIAS BEARISH. H4 EMA bearish with RSI neutral at 51 suggests downside momentum despite overbought signals absent; D1 structure neutral leaves room for continuation lower. KEY LEVELS R: 1.385, 1.39, 1.39418 | S: 1.38, 1.37543, 1.375 NEWS 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC 🟡 4-week average Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK London session opens after US data. Softer jobless claims could weaken USD and accelerate shorts toward 1.38 support. Watch price reaction at resistance 1.385 first.

Key Levels

R: 1.38500 · 1.39000 · 1.39418

S: 1.38000 · 1.37543 · 1.37500