USDCAD London briefing — 2026-11-06

BIAS BEARISH. Daily structure and H4/H1 EMA alignment drive direction despite bullish fair value gaps offering countertrend zones. KEY LEVELS R: 1.41, 1.415, 1.42994 | S: 1.405, 1.4, 1.39311 NEWS 🟡 Fed Williams (USD) 09:30 UTC 🔴 CAD Employment 13:30 UTC 🟡 CAD Wage Growth 13:30 UTC SESSION OUTLOOK Strong CAD data could challenge bearish bias. Monitor London's reaction to Fed commentary before North American opens.

Key Levels

R: 1.41000 · 1.41500 · 1.42994

S: 1.40500 · 1.40000 · 1.39311