We expect USDCAD to trend downwards today with a 66.67% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 37.4%Historical events that allowed us to draw this conclusion

14 Apr 09:00
15 Feb 10:00
12 Aug 09:00
14 Jul 09:00

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

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