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USDCAD holds 1.42225, London range 13.2 pips

FOMC Meeting Minutes at 18:00 UTC is the next high-impact release on the calendar

USDCAD · London session · Published Oct 7, 2026, 8:45 AM

USDCAD last traded at 1.42225, inside a London session that has run 13.2 pips between 1.42196 and 1.42328. The nearest level above is the previous session high at 1.42285, 6 pips away, and the nearest below is the session open at 1.42208, 1.7 pips away.

The Asia session closed at 1.42207 after a 23.6 pip range, with a high of 1.42285 and a low of 1.42048. The prior trading day ran 78.9 pips, and an ordinary day over the last 14 covers 50.0 pips, with the latest day at the 83rd percentile of the last 42 days, a busy day for this market.

The calendar lists 8 releases of impact 2 or 3 in the next 24 hours, starting with EIA Crude Oil Stocks Change at 14:30 UTC. Over 119 past FOMC releases, USDCAD moved 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. Headlines graded for USDCAD include FXStreet on the Canadian Dollar losing ground ahead of FOMC Minutes at 07:01 UTC and on the US Dollar stabilizing as bond yields recover at 06:55 UTC, both impact 2 of 3.

Session brief

  1. USDCAD, London sessionOpen 1.42208, high 1.42328, low 1.42196, close 1.42225: a range of 13.2 pips over 105 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 1.42070, high 1.42285, low 1.42048, close 1.42207: a range of 23.6 pips over 595 minutes, from our own one-minute candles.
  4. USDCAD, previous trading dayHigh 1.42854, low 1.42064, close 1.42079 on 2026-10-06, a range of 78.9 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 50.0 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.
  6. Economic calendar for USD and CAD8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-08 08:45 UTC. Our calendar covers up to 2026-11-06 00:00 UTC.
  7. USD EIA Crude Oil Stocks ChangeScheduled 2026-10-07 14:30 UTC, impact 3 of 3. Forecast 1.070 M. Previous 0.922 M. From MQL5 Economic Calendar.
  8. 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.
  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. Canadian Dollar loses ground ahead of FOMC MinutesFXStreet. Graded impact 2 of 3 for USDCAD by our headline classifier.
  11. Forex Today: US Dollar stabilizes as bond yields recover ahead of FOMC MinutesFXStreet. Graded impact 2 of 3 for USDCAD by our headline classifier.
  12. 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.