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USDCAD at 1.42231, London range 11.0 pips

Canadian labour data at 12:30 UTC is the next scheduled release, with the unemployment rate forecast at 6.5%

USDCAD · London session · Published Oct 9, 2026, 8:40 AM

USDCAD last traded at 1.42231, inside a London session that has run 11.0 pips between 1.42165 and 1.42276. The nearest level above is the Asia session high at 1.42360, 12.9 pips away, and the nearest below is the session open at 1.42184, 4.7 pips away.

Asia traded a 29.4 pip range, opening at 1.42304 and closing at 1.42184. The prior trading day covered 60.7 pips, and an ordinary day over the last 14 covers 55.0 pips, with the latest day at the 64th percentile of the last 44 days we hold, which the volatility source calls an ordinary day for this market.

The CAD Unemployment Rate and Employment Change are both scheduled for 12:30 UTC at impact 3 of 3, with forecasts of 6.5% and 6.1K. Over 23 past releases of that family, USDCAD moved 19.67 pips on average in the first 15 minutes and 23.02 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 graded for USDCAD is an investingLive data spotlight published at 06:06 UTC, graded impact 2 of 3.

Session brief

  1. USDCAD, London sessionOpen 1.42184, high 1.42276, low 1.42165, close 1.42231: a range of 11.0 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 1.42304, high 1.42360, low 1.42066, close 1.42184: a range of 29.4 pips over 595 minutes, from our own one-minute candles.
  4. USDCAD daily rangeAn ordinary day of the last 14 covers 55.0 pips. The latest day sits at the 64th percentile of the last 44 days we hold, which is an ordinary day for this market. Measured on our own candles.
  5. CAD Employment ChangeScheduled 2026-10-09 12:30 UTC, impact 3 of 3. Forecast 6.1K. Previous -41.7K. From Forex Factory.
  6. USDCAD reaction to unemployment_cadOver 23 past releases USDCAD moved 19.67 pips on average in the first 15 minutes and 23.02 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. Economic data spotlight: US inflation expectations in focus in today's Michigan consumer surveyinvestingLive. Graded impact 2 of 3 for USDCAD by our headline classifier.
  9. CAD Unemployment RateScheduled 2026-10-09 12:30 UTC, impact 3 of 3. Forecast 6.5%. Previous 6.4%. 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.