Based on the last 12 Balance of Trade events in Germany, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < €6.2B Historical events that allowed us to draw this conclusion

04 Jul 16:00	03 Jun 16:00
04 Mar 18:00	09 Feb 18:00
09 Dec 18:00	09 Nov 18:00

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