USDCAD New York briefing — 2026-09-03

BIAS BEARISH. H1/H4 EMAs aligned downward; RSI oversold at 29.21 signals exhaustion but reinforces downtrend momentum. KEY LEVELS R: 1.38, 1.385, 1.39418 | S: 1.375, 1.37329, 1.37 NEWS 🟡 S&P Global Composite PMI (USD) Thu 13:45 UTC 🟡 ISM Services Employment Index Thu 14:00 UTC SESSION OUTLOOK US data hits mid-session; watch if soft PMI/employment data extends USD weakness. Recovery above 1.38 signals trend exhaustion.

Key Levels

R: 1.38000 · 1.38500 · 1.39418

S: 1.37500 · 1.37329 · 1.37000