USDCAD New York briefing — 2026-05-12

BIAS BULLISH. H1 EMA bullish overrides neutral D1; RSI 66 supports upside continuation despite overbought risk. KEY LEVELS R: 1.37141, 1.375, 1.38 | S: 1.37, 1.365, 1.35503 NEWS 🟡 Redbook Index (12:55 UTC) 🟡 52-Week Bill Auction (15:30 UTC) 🟡 USDA WASDE Report (16:00 UTC) SESSION OUTLOOK Watch for breakout above 1.375 on WASDE data. Weak macro catalysts may limit volatility; focus H1 structure around 1.37141 pivot. PRO UNLOCKS Entry 1.3715 | SL 1.3685 | TP1 1.3745 | TP2 1.3800 |

Key Levels

R: 1.37141 · 1.37500 · 1.38000

S: 1.37000 · 1.36500 · 1.35503