Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is > 60.5

Historical events that allowed us to draw this conclusion

06 Apr 00:00	04 Feb 02:00
08 Jan 02:00	06 Oct 01:00
06 Aug 00:00

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