USDCAD New York briefing — 2026-11-04

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 fair value gaps reinforce selling pressure despite H1 bullish FVGs creating minor conflict. KEY LEVELS R: 1.395, 1.40, 1.43015 | S: 1.39418, 1.39, 1.385 NEWS 🔴 ADP Employment Change (USD) Wed 13:15 UTC SESSION OUTLOOK ADP print drives USD volatility into NY open. Watch whether CAD stabilizes or breaks support on risk-off flow.

Key Levels

R: 1.39500 · 1.40000 · 1.43015

S: 1.39418 · 1.39000 · 1.38500