USDCAD London briefing — 2026-10-09

BIAS BULLISH. Daily structure, H4 EMA, and H4 fair-value gaps drive upside; H1 FVGs remain bearish resistance. KEY LEVELS R: 1.425 | 1.42941 | 1.43 | S: 1.42 | 1.415 | 1.38652 NEWS 🟡 Average Hourly Wages (CAD) – Fri 12:30 UTC 🟡 Net Change Employment (CAD) – Fri 12:30 UTC 🟡 Participation Rate (CAD) – Fri 12:30 UTC SESSION OUTLOOK Canadian jobs data at London open may spike volatility. Watch 1.425 rejection or breakout; H1 bearish FVGs cap rallies near 1.42941.

Key Levels

R: 1.42500 · 1.42941 · 1.43000

S: 1.42000 · 1.41500 · 1.38652