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We expect USDCAD to trend downwards today with a 80% chance.

Based on the last 12 Unemployment Rate events in Canada, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 6.2% Historical events that allowed us to draw this conclusion

07 Jan 13:30
10 Sep 12:30
09 Apr 12:30
12 Mar 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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