Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 24 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend downwards for 2 hours because the released value is > 60.9

Historical events that allowed us to draw this conclusion

02 Apr 01:00	02 Mar 02:00
06 Jan 02:00	03 Nov 02:00
02 Sep 00:00	04 Aug 00:00

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