Based on the last 12 Unemployment Rate events in Canada, we expect a 23 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend downwards for 2 hours because the released value is < 6.2% Historical events that allowed us to draw this conclusion

07 Jan 13:30

10 Sep 12:30

09 Apr 12:30

12 Mar 13:30