USDCAD will trend upwards right now

We expect USDCAD to trend upwards for the next 4 hours. Based on these past United States Durable Goods Orders MoM news events there is a 83.33% chance of this. We expect this to happen because the released value is < 1.6%. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

21 Nov 13:30
26 Jul 13:30
25 May 13:30
27 Feb 13:30
22 Dec 13:30

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

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