USDCAD New York briefing — 2026-09-04

BIAS BEARISH. H4 EMA bearish while H1 neutral creates downside pressure, RSI neutral allows room to test support without overbought resistance. KEY LEVELS R: 1.385, 1.39, 1.39418 | S: 1.38, 1.375, 1.37329 NEWS 🟡 Ivey PMI (CAD) 14:00 UTC 🟡 Ivey PMI s.a. (CAD) 14:00 UTC 🔵 Baker Hughes Rig Count (USD) 17:00 UTC SESSION OUTLOOK Ivey data could spark CAD volatility mid-session. Watch 1.38 support—break below targets 1.375 on bearish follow-through.

Key Levels

R: 1.38500 · 1.39000 · 1.39418

S: 1.38000 · 1.37500 · 1.37329