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USDCAD holds 1.40040 near the base of a 13.4 pip Asia range

Canadian retail sales land at 12:30 UTC, the first of 8 scheduled releases

USDCAD · Asia session · Published Oct 23, 2026, 1:50 AM

USDCAD last traded at 1.40040, 4.3 pips below the Asia session open of 1.40083 and 4 pips above the round number at 1.40000. The session has run between 1.39972 and 1.40106, a range of 13.4 pips, with the prior day low at 1.40036 just 0.4 pips below the last price. Above sit the previous session high at 1.40392 and the prior day high at 1.40504.

New York closed at 1.40102 after trading between 1.40036 and 1.40392, a range of 35.6 pips, and the full prior day covered 46.8 pips. An ordinary day of the last 14 covers 68.8 pips, and the latest day sits at the 27th percentile of the last 44 days we hold, which is an ordinary day for this market.

Core Retail Sales m/m at 12:30 UTC carries a forecast of 1.1% against a previous -0.7%, and Retail Sales m/m at the same time is forecast at 1.3% from -0.7%. Over 25 past releases of that family USDCAD moved 7.20 pips on average in the first 15 minutes and 10.10 in the first 60, in either direction. The USD Flash Manufacturing PMI follows at 13:45 UTC with a forecast of 55.4 from 57.0.

Large speculators are net short 94765 contracts, a change of -4602 on the week, the 59th percentile of the last 52 weekly reports. The loudest headline for this pair is Action Forex on the Bank of Canada at an inflection point, graded impact 2 of 3 and published at 01:42 UTC.

Session brief

  1. USDCAD price from our feedLast one-minute close 1.40040 at 2026-10-23 01:49 UTC, from our own candles.
  2. USDCAD, Asia sessionOpen 1.40083, high 1.40106, low 1.39972, close 1.40040: a range of 13.4 pips over 285 minutes, from our own one-minute candles.
  3. USDCAD reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  4. USDCAD, New York sessionOpen 1.40355, high 1.40392, low 1.40036, close 1.40102: a range of 35.6 pips over 540 minutes, from our own one-minute candles.
  5. USDCAD daily rangeAn ordinary day of the last 14 covers 68.8 pips. The latest day sits at the 27th percentile of the last 44 days we hold, which is an ordinary day for this market. Measured on our own candles.
  6. CAD Core Retail Sales m/mScheduled 2026-10-23 12:30 UTC, impact 2 of 3. Forecast 1.1%. Previous -0.7%. From Forex Factory.
  7. USDCAD reaction to retail_sales_cadOver 25 past releases USDCAD moved 7.20 pips on average in the first 15 minutes and 10.10 in the first 60, in either direction. Measured on our own one-minute candles.
  8. USD Flash Manufacturing PMIScheduled 2026-10-23 13:45 UTC, impact 2 of 3. Forecast 55.4. Previous 57.0. From Forex Factory.
  9. CFTC Commitments of Traders, 090741Large speculators are net short 94765 contracts, a change of -4602 on the week. That is the 59th percentile of the last 52 weekly reports.
  10. The Bank of Canada at an Inflection Point: Inflation Fears Live onAction Forex. 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 2026-10-24 01:50 UTC. Our calendar covers up to 2026-11-22 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.