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USDCAD holds 1.42566 in a 7.8 pip Asia range

US and Canadian trade balance figures land at 12:30 UTC, the first of 8 impact 2 releases in the next 24 hours

USDCAD · Asia session · Published Oct 5, 2026, 10:35 PM

USDCAD last traded at 1.42566, inside an Asia session that has run 7.8 pips between 1.42500 and 1.42577 over 91 minutes. The nearest level above is the prior week high at 1.42630, 6.4 pips away, then the previous session high at 1.42654, 8.8 pips away. Below sit the prior day low and previous session low, both at 1.42376, 19 pips down.

The previous New York session ran 27.8 pips between 1.42376 and 1.42654 and closed at 1.42606. The prior trading day covered 56.2 pips, from 1.42376 to 1.42938. An ordinary day over the last 14 covers 50.6 pips, and the latest day sits at the 50th percentile of the last 42 days, which is an ordinary day for this market.

USD Trade Balance is scheduled for 12:30 UTC with a forecast of -100.8B and a previous -88.6B, alongside CAD Trade Balance at 1.5B forecast and 0.8B previous. Over 50 past USD trade balance releases USDCAD moved 6.90 pips on average in the first 15 minutes and 11.29 in the first 60, in either direction. CAD Ivey PMI follows at 14:00 UTC, where 38 past releases moved the pair 9.77 pips on average in 15 minutes and 14.11 in 60.

Large speculators are net short 78671 contracts, a change of -25461 on the week, the 51st percentile of the last 52 weekly reports. The most recent headline, graded impact 2 of 3 for USDCAD, was published at 22:31 UTC.

Session brief

  1. USDCAD, Asia sessionOpen 1.42561, high 1.42577, low 1.42500, close 1.42566: a range of 7.8 pips over 91 minutes, from our own one-minute candles.
  2. USDCAD reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  3. USDCAD, New York sessionOpen 1.42595, high 1.42654, low 1.42376, close 1.42606: a range of 27.8 pips over 540 minutes, from our own one-minute candles.
  4. USDCAD, previous trading dayHigh 1.42938, low 1.42376, close 1.42606 on 2026-10-05, a range of 56.2 pips, from our own candles on the trading day that starts 17:00 New York.
  5. USDCAD daily rangeAn ordinary day of the last 14 covers 50.6 pips. The latest day sits at the 50th percentile of the last 42 days we hold, which is an ordinary day for this market. Measured on our own candles.
  6. USD Trade BalanceScheduled 2026-10-06 12:30 UTC, impact 2 of 3. Forecast -100.8B. Previous -88.6B. From Forex Factory.
  7. USDCAD reaction to trade_balance_usdOver 50 past releases USDCAD moved 6.90 pips on average in the first 15 minutes and 11.29 in the first 60, in either direction. Measured on our own one-minute candles.
  8. USDCAD reaction to pmi_cadOver 38 past releases USDCAD moved 9.77 pips on average in the first 15 minutes and 14.11 in the first 60, in either direction. Measured on our own one-minute candles.
  9. CFTC Commitments of Traders, 090741Large speculators are net short 78671 contracts, a change of -25461 on the week. That is the 51st percentile of the last 52 weekly reports.
  10. US Treasury yields scale multi-year highs as inflation fears returnFXStreet. Graded impact 2 of 3 for USDCAD by our headline classifier.
  11. Economic calendar for USD and CAD8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-06 22:35 UTC. Our calendar covers up to 2026-11-04 00:00 UTC.

Written once by FxMind's desk from our own market data, the same text every reader sees.

Context on the market, not a trade recommendation. The decision is the trader's.