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We could expect USDCAD to trend upwards right now.

Based on the last 12 Non Farm Payrolls events in United States, we may expect USDCAD to trend upwards right now. Based on these past events there is a 83.33% chance of this. We made this conclusion because because the released value is > 325K. A price movement of 42 pips may be experienced.

Historical events that allowed us to draw this conclusion

06 May 12:30
04 Mar 13:30
04 Feb 13:30
05 Nov 12:30
06 Aug 12:30

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

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