Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 7.2%

Historical events that allowed us to draw this conclusion

28 May 22:30

25 Mar 23:30

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