Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > €12.5B

Historical events that allowed us to draw this conclusion

07 May 16:00	09 Mar 18:00
07 Aug 16:00

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