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USDCAD holds 1.42121 in a 7.5 pip Asia range

The FOMC Meeting Minutes land at 18:00 UTC, the heaviest scheduled item for this pair

USDCAD · Asia session · Published Oct 6, 2026, 11:15 PM

USDCAD last traded at 1.42121, inside an Asia session that has run 7.5 pips between 1.42048 and 1.42124. The nearest level above is the prior week high at 1.42630, 50.8 pips up, and the nearest below is the prior day low at 1.42064, 5.7 pips down.

New York closed at 1.42079 after a 48.4 pip range, and the prior trading day ran 78.9 pips. An ordinary day of the last 14 covers 50.0 pips, and the latest day sits at the 83rd percentile of the last 42 days we hold, a busy day for this market.

Five releases of impact 2 or 3 sit in the next 24 hours, starting with EIA Crude Oil Stocks Change at 14:30 UTC. Past FOMC Minutes releases moved USDCAD 7.40 pips on average in the first 15 minutes and 13.10 in the first 60, in either direction.

Large speculators are net short 78671 contracts, a weekly change of -25461, the 51st percentile of the last 52 weekly reports. The loudest headline for this pair, graded impact 2 of 3, is the Canadian dollar weakening near an 18-month low despite a surprise trade surplus.

Session brief

  1. USDCAD, Asia sessionOpen 1.42070, high 1.42124, low 1.42048, close 1.42121: a range of 7.5 pips over 130 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 1.42506, high 1.42548, low 1.42064, close 1.42079: a range of 48.4 pips over 540 minutes, from our own one-minute candles.
  4. USDCAD daily rangeAn ordinary day of the last 14 covers 50.0 pips. The latest day sits at the 83rd percentile of the last 42 days we hold, which is a busy day for this market. Measured on our own candles.
  5. Economic calendar for USD and CAD5 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-07 23:15 UTC. Our calendar covers up to 2026-11-05 00:00 UTC.
  6. USDCAD reaction to fomc_usdOver 119 past releases USDCAD moved 7.40 pips on average in the first 15 minutes and 13.10 in the first 60, in either direction. Measured on our own one-minute candles.
  7. 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.
  8. Canadian dollar weakens near 18-month low despite surprise trade surplusInvesting.com. Graded impact 2 of 3 for USDCAD by our headline classifier.
  9. USD FOMC Meeting MinutesScheduled 2026-10-07 18:00 UTC, impact 3 of 3. From Forex Factory.

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.