Based on the last 12 Non Farm Payrolls events in United States, we expect a 18 pip movement on USDCAD within 2 hours following the event release at 04 Sep 12:30 UTC. We expect USDCAD to trend downwards 2 hours following the event release at 04 Sep 12:30 UTC if the released value is > 1400K

Historical events that allowed us to draw this conclusion

01 Nov 12:30