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We expect USDCAD to trend downwards right now.

Based on the last 12 Unemployment Rate events in United Kingdom, we expect USDCAD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards for the next 2 hours because the released value is = 3.8%. A price movement of 9 pips is expected.

Historical events that allowed us to draw this conclusion

11 Jun 08:30
16 Apr 08:30
19 Feb 09:30
11 Dec 09:30
16 Oct 08:30

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

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We expect a $107.271 movement on USDCAD within the next 4 hours.

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