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USDCAD at 1.41671, London range 12.4 pips

CAD Housing Starts is the next release, at 12:15 UTC, 209 minutes away

USDCAD · London session · Published Oct 16, 2026, 8:45 AM

USDCAD last traded at 1.41671, inside a London session that has run 12.4 pips between 1.41754 and 1.41630. The nearest level above is the session open at 1.41752, 8.1 pips away, then the Asia high at 1.41990, 31.9 pips above. Below sit the Asia low at 1.41714, 4.3 pips down, and the prior day low at 1.41696, 2.5 pips down.

Asia ran 27.7 pips between 1.41990 and 1.41714 and closed at 1.41752. The prior trading day covered 69.9 pips, from 1.42396 down to 1.41696. An ordinary day over the last 14 covers 65.6 pips, and the latest day sits at the 73rd percentile of the last 44 days we hold, which is a busy day for this market.

Eight releases of impact 2 or 3 fall in the next 24 hours, starting with CAD Housing Starts at 12:15 UTC, forecast 234K against a previous 229K. Over 49 past releases of that family USDCAD moved 6.90 pips on average in the first 15 minutes and 10.00 in the first 60, in either direction. USD Industrial Production follows at 13:15 UTC, where 71 past releases moved the pair 4.90 pips in the first 15 minutes and 9.30 in the first 60.

Large speculators are net short 90163 contracts, a change of -11492 on the week, the 55th percentile of the last 52 weekly reports. Among headlines graded for USDCAD, FXStreet ran one on Euro consolidation against the US Dollar at 08:05 UTC and one on the Euro against the Canadian Dollar at 07:57 UTC, both impact 2 of 3.

Session brief

  1. USDCAD, London sessionOpen 1.41752, high 1.41754, low 1.41630, close 1.41671: a range of 12.4 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 1.41918, high 1.41990, low 1.41714, close 1.41752: a range of 27.7 pips over 595 minutes, from our own one-minute candles.
  4. USDCAD, previous trading dayHigh 1.42396, low 1.41696, close 1.41852 on 2026-10-15, a range of 69.9 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 65.6 pips. The latest day sits at the 73rd percentile of the last 44 days we hold, which is a busy day for this market. Measured on our own candles.
  6. CAD Housing StartsScheduled 2026-10-16 12:15 UTC, impact 2 of 3. Forecast 234K. Previous 229K. From Forex Factory.
  7. USDCAD reaction to housing_cadOver 49 past releases USDCAD moved 6.90 pips on average in the first 15 minutes and 10.00 in the first 60, in either direction. Measured on our own one-minute candles.
  8. USDCAD reaction to industrial_production_usdOver 71 past releases USDCAD moved 4.90 pips on average in the first 15 minutes and 9.30 in the first 60, in either direction. Measured on our own one-minute candles.
  9. CFTC Commitments of Traders, 090741Large speculators are net short 90163 contracts, a change of -11492 on the week. That is the 55th percentile of the last 52 weekly reports.
  10. Euro: Consolidation potential against US Dollar on CPI – INGFXStreet. 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.