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USDCAD holds 1.41520, 23.4 pips into the New York range

Baker Hughes rig counts are next at 17:00 UTC, after the industrial production release already passed

USDCAD · New York session · Published Oct 16, 2026, 1:45 PM

USDCAD last traded at 1.41520, inside a New York session that has run 23.4 pips between 1.41498 and 1.41732. The nearest level above is the previous session high at 1.41754, 23.4 pips away, and the nearest below is the previous session low at 1.41455, 6.5 pips away.

London closed at 1.41508 after a 29.8 pip range between 1.41455 and 1.41754. The prior day ran 69.9 pips, and an ordinary day of the last 14 covers 65.6 pips, with the latest day at the 73rd percentile of the last 44 days, a busy day for this market.

The Fed Industrial Production y/y and Industrial Production m/m releases were scheduled for 13:15 UTC, 30 minutes before this note. Over 71 past releases of that family USDCAD moved 4.90 pips on average in the first 15 minutes and 9.30 in the first 60, in either direction.

Large speculators are net short 90163 contracts, a change of -11492 on the week, the 55th percentile of the last 52 weekly reports. The loudest headline graded for USDCAD is from FXStreet at 12:03 UTC, graded impact 2 of 3.

Session brief

  1. USDCAD, New York sessionOpen 1.41508, high 1.41732, low 1.41498, close 1.41520: a range of 23.4 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, London sessionOpen 1.41752, high 1.41754, low 1.41455, close 1.41508: a range of 29.8 pips over 300 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. USD Fed Industrial Production y/yScheduled 2026-10-16 13:15 UTC, impact 2 of 3. Forecast 1.2%. Previous 1.4%. From MQL5 Economic Calendar.
  7. 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.
  8. 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.
  9. British Pound hits three-week highs near 1.3350 as the US Dollar tumblesFXStreet. Graded impact 2 of 3 for USDCAD by our headline classifier.
  10. USD Baker Hughes US Oil Rig CountScheduled 2026-10-16 17:00 UTC, impact 2 of 3. From MQL5 Economic Calendar.

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.