USDCAD London briefing — 2026-11-05

BIAS BEARISH. D1 + H4 + H1 EMA alignment combined with bearish fair value gaps on H4 and H1 structure drive this direction. KEY LEVELS R: 1.4, 1.405, 1.43015 | S: 1.395, 1.39311, 1.39 NEWS 🟡 Challenger Job Cuts (USD) 10:30 UTC 🟡 Continuing Jobless Claims (USD) 13:30 UTC 🟡 Initial Jobless Claims (USD) 13:30 UTC SESSION OUTLOOK London opens into medium USD labor data. Watch for dips toward 1.395 support; weakness below triggers fresh lows.

Key Levels

R: 1.40000 · 1.40500 · 1.43015

S: 1.39500 · 1.39311 · 1.39000