Based on the last 12 Non Farm Payrolls events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 72.73% chance of this. This may happen if the released value is > 180K

Historical events that allowed us to draw this conclusion

11 Mar 00:30	04 Feb 00:30
07 Jan 00:30	04 Nov 23:30
07 Oct 23:30	02 Sep 22:30
08 Jul 22:30	03 Jun 22:30

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