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

We expect USDCAD to trend downwards later today. Based on these past Canada Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is < 5.7%. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion

07 Jun 12:30
10 May 12:30
04 Jan 13:30
07 Dec 13:30

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

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