Based on the last 12 Unemployment Rate events in Euro Area, USDCAD could trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is = 6.8%

Historical events that allowed us to draw this conclusion

10 Jan 21:00	02 Dec 21:00
30 Sep 19:00	01 Sep 19:00

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