Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is = 0%

Historical events that allowed us to draw this conclusion

21 Jan 23:45	10 Sep 21:45
16 Jul 21:45	04 Jun 21:45
30 Apr 21:45	12 Mar 23:45
12 Dec 23:45	24 Oct 22:45

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