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USDCAD at 1.39796, 34.4 pips below the New York open

US Flash PMIs land at 13:45 UTC, 9 minutes away, with both manufacturing and services on the slate

USDCAD · New York session · Published Oct 23, 2026, 1:35 PM

USDCAD last printed 1.39796, near the bottom of a New York range of 34.4 pips that ran from 1.40028 to 1.39684. The nearest level above is the previous session low at 1.39969, 17.3 pips up, then the round number at 1.40000, 20.4 pips up; below sits the round number at 1.39000, 79.6 pips down.

London closed at 1.40010 after a 21.7 pips range between 1.40186 and 1.39969, and the prior day covered 46.8 pips. An ordinary day of the last 14 covers 68.8 pips, and the latest day sits at the 30th percentile of the last 44 days we hold, which is an ordinary day for this market.

The Flash Manufacturing PMI is scheduled for 13:45 UTC with a forecast of 55.4 against a previous 57.0, and the Flash Services PMI at the same time with 57.9 against 58.7. Over 95 past releases of this family USDCAD moved 6.97 pips on average in the first 15 minutes and 14.36 in the first 60, in either direction.

Large speculators are net short 94765 contracts, a change of -4602 on the week, the 59th percentile of the last 52 weekly reports. The highest graded headline for USDCAD, from FXStreet at 12:32 UTC, carries an impact grade of 2 of 3.

Session brief

  1. USDCAD, New York sessionOpen 1.40010, high 1.40028, low 1.39684, close 1.39796: a range of 34.4 pips over 95 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 1.40146, high 1.40186, low 1.39969, close 1.40010: a range of 21.7 pips over 300 minutes, from our own one-minute candles.
  4. USDCAD daily rangeAn ordinary day of the last 14 covers 68.8 pips. The latest day sits at the 30th percentile of the last 44 days we hold, which is an ordinary day for this market. Measured on our own candles.
  5. USD Flash Services PMIScheduled 2026-10-23 13:45 UTC, impact 2 of 3. Forecast 57.9. Previous 58.7. From Forex Factory.
  6. USDCAD reaction to pmi_usdOver 95 past releases USDCAD moved 6.97 pips on average in the first 15 minutes and 14.36 in the first 60, in either direction. Measured on our own one-minute candles.
  7. CFTC Commitments of Traders, 090741Large speculators are net short 94765 contracts, a change of -4602 on the week. That is the 59th percentile of the last 52 weekly reports.
  8. US Dollar: Resilient into FOMC with election risks – TD SecuritiesFXStreet. Graded impact 2 of 3 for USDCAD by our headline classifier.
  9. USD Flash Manufacturing PMIScheduled 2026-10-23 13:45 UTC, impact 2 of 3. Forecast 55.4. Previous 57.0. 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.