We expect USDCAD to trend upwards right now.

Based on the last 12 Unemployment Rate events in France, we expect USDCAD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend upwards for the next 2 hours because the released value is < 7.8%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

16 Feb 06:30

14 May 05:30

13 Feb 06:30

16 May 05:30

14 Feb 06:30

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