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We expect USDCAD to trend upwards today with a 87.5% chance.

Based on the last 12 Non Farm Payrolls events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is > 130K

Historical events that allowed us to draw this conclusion

02 May 12:30
04 Apr 12:30
10 Jan 13:30
06 Dec 13:30
04 Oct 12:30
05 Jul 12:30
07 Jun 12:30

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

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