USDCAD US Dollar/Canadian Dollar

USDCAD London Session Report - 2026-04-07

Session London Session
Date April 07, 2026
Bias
🟒 Long
Confidence Medium

Session Snapshot

  • Open: 1.38917
  • High: 1.39139
  • Low: 1.38861
  • Close: 1.39000
  • Change: +0.06%
  • MCM State: Markup
  • Volume Context: High

Supply/Demand Zones

Demand Zones

Zone Range Status Strength
D1 1.38860-1.38920 Fresh Strong
D2 1.38700-1.38750 Tested Moderate

Supply Zones

Zone Range Status Strength
S1 1.39100-1.39140 Tested Strong
S2 1.39300-1.39350 Fresh Moderate

Support/Resistance Matrix

Level Type Price Strength Distance
R2 Psychological/Structural 1.39500 Strong +0.4%
R1 Structural 1.39200 Moderate +0.1%
Current - 1.39000 - -
S1 Structural 1.38860 Strong -0.1%
S2 Psychological 1.38500 Moderate -0.4%

Liquidity Hunt Map

  • Buy-Stop Clusters: 1.39150-1.39250
  • Sell-Stop Clusters: 1.38800-1.38750
  • Recent Sweeps: Session low at 1.38861
  • Next Target: Buy-side liquidity above session high

Fear Factor Meter

FEAR [🟑🟒🟒🟒🟒🟒🟒] GREED
              β–²
        Score: 7/10 - Greed

Inputs: DXY=108.5, VIX=14.2, US10Y=4.52%

Directional Bias

  • Bias: Long
  • Confidence: Medium
  • Rationale: Fresh demand at D1 absorbed selling pressure during high-volume London open; markup phase likely to resume ahead of US data.

Action Zones

Setup Entry Trigger TP1 TP2 SL
🟒 Long D1 1.38860-1.38920 Bounce + OB window 1.39140 1.39300 1.38800

Momentum View

IF pullback tests D1 fresh demand and holds with bullish effort β†’ likely continuation toward S1 supply during overlap volatility.