Based on past United States Durable Goods Orders MoM news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is > 0.6%. A price movement of 104 pips is expected.

Historical events that allowed us to draw this conclusion

27 Jul 22:30	27 Jun 22:30
26 Feb 00:30	27 Oct 23:30

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