USDCAD New York briefing — 2026-05-06

BIAS BEARISH. D1 neutral hierarchy trump, but H4 EMA bearish with RSI neutral supports downside bias. KEY LEVELS R: 1.365, 1.37, 1.37984 | S: 1.36, 1.35503, 1.355 NEWS 🟡 Fed's Musalem speech (USD) — Wed 13:30 UTC 🟡 Ivey PMI (CAD) — Wed 14:00 UTC SESSION OUTLOOK Musalem and Ivey data clash USD/CAD directionally. Watch 1.365 resistance rejection or H4 EMA slope confirmation into NY close. PRO UNLOCKS Entry 1.3598 | SL 1.3625 | TP1 1.3550 | TP2 1.3525 | FVG 1.3580-1.3605 |

Key Levels

R: 1.36500 · 1.37000 · 1.37984

S: 1.36000 · 1.35503 · 1.35500