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We expect USDCAD to trend downwards today with a 71.43% chance.

Based on the last 12 Ivey PMI s.a events in Canada, we expect a 51 pip movement on USDCAD within 12 hours following the event release at 2022-09-07 14:00. We expect USDCAD to trend downwards 12 hours following the event release at 2022-09-07 14:00 if the released value is > 48.8

Historical events that allowed us to draw this conclusion

07 Jun 14:00
04 Mar 15:00
04 Feb 15:00
07 Dec 15:00
07 Oct 14:00

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

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