Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 56 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend downwards for 2 hours because the released value is < 58.7 Historical events that allowed us to draw this conclusion

04 Dec 02:00

05 Nov 02:00

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