Based on the last 12 Non Farm Payrolls events in United States, we expect a 47 pip movement on USDCAD for the next 4 hours. We expect USDCAD to trend downwards for 4 hours because the released value is < 650K Historical events that allowed us to draw this conclusion

07 May 22:30	06 Feb 00:30
05 Dec 00:30	02 Oct 22:30
04 Sep 22:30

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