Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is < 4490K Historical events that allowed us to draw this conclusion

29 Jan 00:30	22 Jan 00:30
15 Jan 00:30	01 Jan 00:30
24 Dec 00:30	04 Dec 00:30
20 Nov 00:30

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