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 75% chance of this. This may happen if the released value is < -0.8% Historical events that allowed us to draw this conclusion

24 Dec 00:30	24 Oct 23:30
26 Jun 22:30

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