USDCAD will trend upwards right now

Past performance is not an indicator of future results.
We expect USDCAD to trend upwards for the next 4 hours. Based on these past Canada Ivey PMI s.a news events there is a 71.43% chance of this. We expect this to happen because the released value is < 55.1. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

06 Feb 15:00
04 Oct 15:00
07 Aug 15:00
06 Jun 15:00
06 Apr 15:00

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

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