USDCAD London briefing — 2026-11-02

BIAS BULLISH. Liquidity sweep of lows combined with bullish H4 and H1 fair value gaps override bearish trend votes. KEY LEVELS R: 1.4, 1.405, 1.43015 | S: 1.395, 1.39418, 1.39 NEWS 🟡 S&P Global Manufacturing PMI (CAD) 14:30 UTC 🟡 S&P Global Manufacturing PMI (USD) 14:45 UTC SESSION OUTLOOK London opens with sweep structure intact. Watch CAD PMI reaction; bullish bias targets 1.4 on sustained momentum through data.

Key Levels

R: 1.40000 · 1.40500 · 1.43015

S: 1.39500 · 1.39418 · 1.39000