Based on the last 12 Fed Interest Rate Decision events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 16 Jun 18:00 if the released value is = 0.25%. A price movement of 58 pips is expected.

Historical events that allowed us to draw this conclusion

28 Apr 18:00

17 Mar 18:00

16 Dec 19:00

05 Nov 19:00

29 Jul 18:00

29 Apr 18:00

29 Jan 19:00

11 Dec 19:00

30 Oct 18:00