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USDCAD holds 1.42708, London range 19.1 pips

US and Canadian trade balance figures are due at 12:30 UTC, the next scheduled release

USDCAD · London session · Published Oct 6, 2026, 8:40 AM

USDCAD last traded at 1.42708, inside a London session that has run between 1.42662 and 1.42854, a range of 19.1 pips. The nearest level above is the previous session high at 1.42820, 11.2 pips away, then the prior day high at 1.42938, 23 pips away. Below sit the prior week high at 1.42630, 7.8 pips away, and the previous session low at 1.42500, 20.8 pips away.

The Asia session closed at 1.42782 after trading between 1.42500 and 1.42820, a range of 32 pips over 595 minutes. The prior trading day covered 56.2 pips, from 1.42376 to 1.42938. An ordinary day of the last 14 covers 50.6 pips, and the latest day sits at the 50th percentile of the last 42 days we hold, which is an ordinary day for this market.

The USD Trade Balance is scheduled for 12:30 UTC with a forecast of -100.8B and a previous of -88.6B, alongside the CAD Trade Balance at the same time with a forecast of 1.5B. 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. The CAD Ivey PMI follows at 14:00 UTC, where 38 past releases moved USDCAD 9.77 pips on average in the first 15 minutes.

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 for USDCAD, from FXStreet at 08:38 UTC, carries an impact grade of 2 of 3.

Session brief

  1. USDCAD, London sessionOpen 1.42782, high 1.42854, low 1.42662, close 1.42708: a range of 19.1 pips over 100 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 1.42561, high 1.42820, low 1.42500, close 1.42782: a range of 32 pips over 595 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. Dow Jones futures rise due to easing Fed rate hike expectationsFXStreet. 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.