Based on the last 12 Ivey PMI s.a events in Canada, USDCAD could trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > 64

Historical events that allowed us to draw this conclusion

07 Apr 00:00	05 Mar 02:00
05 Feb 02:00	08 Dec 02:00
08 Oct 01:00

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