fxmind
Try free

All briefs

USDCAD holds 1.42304 near the top of the London range

US labour data lands at 12:30 UTC, 234 minutes away, with three releases graded 3 of 3

USDCAD · London session · Published Oct 2, 2026, 8:35 AM

USDCAD last traded at 1.42304, inside a London session that has run 15.5 pips between 1.42181 and 1.42336. The nearest level above is the Asia high at 1.42356, 5.2 pips away, and the nearest below is the session open at 1.42214, 9 pips away. Further up sit the prior day high at 1.42630 and the round number at 1.43000.

Asia traded 26.3 pips between 1.42094 and 1.42356 and closed at 1.42214. The prior trading day covered 42.8 pips, from 1.42202 to 1.42630. An ordinary day of the last 14 covers 49.7 pips, and the latest day sits at the 36th percentile of the last 44 days we hold, which is an ordinary day for this market.

Eight releases of impact 2 or 3 fall in the next 24 hours, starting with the US Unemployment Rate, Average Hourly Earnings m/m and Non-Farm Employment Change at 12:30 UTC, all graded 3 of 3. Over 22 past releases of that family USDCAD moved 22.82 pips on average in the first 15 minutes and 28.13 in the first 60, in either direction. Factory Orders m/m follows at 14:00 UTC, graded 2 of 3.

Large speculators are net short 53210 contracts, a change of -15633 on the week, the 37th percentile of the last 52 weekly reports. The loudest headline for this instrument is FXStreet on US Nonfarm Payrolls, published at 08:30 UTC and graded 2 of 3.

Session brief

  1. USDCAD, London sessionOpen 1.42214, high 1.42336, low 1.42181, close 1.42304: a range of 15.5 pips over 95 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, Asia sessionOpen 1.42282, high 1.42356, low 1.42094, close 1.42214: a range of 26.3 pips over 595 minutes, from our own one-minute candles.
  4. USDCAD, previous trading dayHigh 1.42630, low 1.42202, close 1.42205 on 2026-10-01, a range of 42.8 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 49.7 pips. The latest day sits at the 36th percentile of the last 44 days we hold, which is an ordinary day for this market. Measured on our own candles.
  6. USD Unemployment RateScheduled 2026-10-02 12:30 UTC, impact 3 of 3. Forecast 4.1%. Previous 4.1%. From Forex Factory.
  7. USD Average Hourly Earnings m/mScheduled 2026-10-02 12:30 UTC, impact 3 of 3. Forecast 0.3%. Previous 0.3%. From Forex Factory.
  8. USD Non-Farm Employment ChangeScheduled 2026-10-02 12:30 UTC, impact 3 of 3. Forecast 89K. Previous 162K. From Forex Factory.
  9. USDCAD reaction to nfp_usdOver 22 past releases USDCAD moved 22.82 pips on average in the first 15 minutes and 28.13 in the first 60, in either direction. Measured on our own one-minute candles.
  10. USD Factory Orders m/mScheduled 2026-10-02 14:00 UTC, impact 2 of 3. Forecast 0.1%. Previous 0.9%. From Forex Factory.
  11. CFTC Commitments of Traders, 090741Large speculators are net short 53210 contracts, a change of -15633 on the week. That is the 37th percentile of the last 52 weekly reports.
  12. US Nonfarm Payrolls expected to soften in SeptemberFXStreet. Graded impact 2 of 3 for USDCAD by our headline classifier.

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.