We expect USDCAD to trend downwards for the next 2 hours. Based on these past Switzerland GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen because the released value is < 0.4%. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

28 Feb 19:00	02 Sep 17:00
03 Jun 15:45

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