Weekly Special Report: USD/CAD

EVENTS (U.S.):

• WEDNESDAY, SEPTEMBER 30 AT 13:15 GMT+1: U.S. ADP EMPLOYMENT CHANGE (SEPTEMBER). Private sector employment came in lower than expected in August. Another weak reading could signal a slowing U.S. labor market, reducing expectations of further Fed interest rate hikes and weakening the U.S. dollar.
• WEDNESDAY, SEPTEMBER 30 AT 13:30 GMT+1: U.S. CORE PCE INFLATION (AUGUST). Core PCE, the Fed’s preferred inflation measure, remained at 3.3% year over year in July. A lower-than-expected reading could reduce expectations of further Fed interest rate hikes, weighing on the U.S. dollar.
• FRIDAY, OCTOBER 2 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (SEPTEMBER). The U.S. labor market has shown a clear weakening trend over the past few years, with slower job creation and unemployment currently at 4.1%. The labor market will remain a key focus, and further weakness could reduce expectations of interest rate hikes, weighing on the U.S. dollar.

 

EVENTS (CANADA):

• FRIDAY, OCTOBER 9 AT 13:30 GMT+1: CANADA UNEMPLOYMENT RATE (SEPTEMBER). The unemployment rate in Canada has remained at 6.4% since July.

 

TECHNICAL ANALYSIS

• RESISTANCE AREA: 1.4400 - 1.4250. USD/CAD has recently approached its longer-term resistance area of 1.4400–1.4250, which has been in place for almost two years. However, there remains a risk of a potential breakout below this level if market conditions change.

GRAPH (Daily): October 2024– September 2026

Please note that past performance does not guarantee future results

USDCAD, September 29, 2026
Current Price:  1.4180

Example of calculation based on weekly market trend for 1.00 Lot¹

1. The above calculations are made based on 1.00 lot which is equivalent of 100,000 units
2. Calculations for exchange rate used as of 13:00 (GMT+1) 29/09/2026

 

You can use risk management tools such as Stop-Loss and Take-Profit.