Based on the last 12 Unemployment Rate events in Euro Area, USDCAD could trend upwards later today. Based on these past events there is a 75% chance of this. If the released value is < 6.8% we could see USDCAD trend upwards 4 hours following the event release at 30 Jun 19:00. Historical events that allowed us to draw this conclusion

03 Mar 21:00	01 Feb 21:00
30 Jul 19:00

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