Based on the last 12 Adp Employment Change 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 < 428K Historical events that allowed us to draw this conclusion

04 Aug 22:15	05 May 22:15
31 Mar 23:15	04 Mar 00:15
03 Dec 00:15	05 Nov 00:15

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