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We expect USDCAD to trend upwards today with a 85.71% chance.

Based on the last 12 Unemployment Rate events in Japan, USDCAD could trend upwards later today. Based on these past events there is a 85.71% chance of this. If the released value is < 2.7% we could see USDCAD trend upwards 2 hours following the event release at 25 Apr 23:30. Historical events that allowed us to draw this conclusion

28 Mar 23:30
31 Jan 23:30
29 Nov 23:30
30 Sep 23:30
30 Aug 23:30
29 Jul 23:30

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

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ADAUSD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 10 days.

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