USDCAD London briefing — 2026-11-03

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downtrend; H1 FVGs support lower prices despite H4 bullish gaps and neutral RSI(14). KEY LEVELS R: 1.4, 1.405, 1.43015 | S: 1.395, 1.39418, 1.39 NEWS 🟡 Redbook Index (YoY) 13:55 UTC 🟡 Factory Orders (MoM) 15:00 UTC 🟡 JOLTS Job Openings 15:00 UTC SESSION OUTLOOK US macro data arrives mid-London. Watch reaction at 1.4 resistance; bearish structure favors dips into support cluster around 1.39418–1.395.

Key Levels

R: 1.40000 · 1.40500 · 1.43015

S: 1.39500 · 1.39418 · 1.39000