Forex Major
USD/CAD — US Dollar / Canadian Dollar
0.5 – 1.8 pips · 60 – 100 pips
USD/CAD is the oil pair. Crude strength usually pushes it down, and because both economies release data at the same time, it often moves in sharp two-sided bursts.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 USD |
| Pip / tick value | 0.0001 → ca. 7 – 8 USD / 1.00 lot |
| Typical spread | 0.5 – 1.8 pips |
| Typical daily range | 60 – 100 pips |
| Best trading hours | New York session (13:00–20:00 UTC) |
What moves this market
- ▸WTI crude oil prices
- ▸Bank of Canada policy and Canadian jobs data
- ▸US data released simultaneously with Canadian data
Correlations to watch
- ▸Negative to WTI crude
- ▸Positive to the US dollar index
How traders approach it
- ▸Trade after the simultaneous US/CA data spike, not into it
- ▸Oil-divergence setups on H4
- ▸Range fades between well-tested weekly levels
Typical mistakes
- ▸Being long USD/CAD and long oil at the same time
- ▸Using tight stops through 13:30 UTC data
Related instruments
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