USDCAD London briefing — 2026-09-11

BIAS BULLISH — H1 EMA bullish with price holding 1.38 support; RSI neutral at 60.76 avoids overbought trap; D1 structure neutral keeps risk contained. KEY LEVELS R: 1.385, 1.39, 1.39418 | S: 1.38, 1.37543, 1.375 NEWS 🔴 US CPI (MoM & YoY) Fri 12:30 UTC — high volatility expected around US session open. SESSION OUTLOOK London session consolidation likely ahead of US CPI. Watch 1.385 resistance for breakout confirmation or rejection into support zone.

Key Levels

R: 1.38500 · 1.39000 · 1.39418

S: 1.38000 · 1.37543 · 1.37500