We expect USDCAD to trend upwards later today. Based on these past United States Adp Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is < 200K. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion

04 May 22:15

03 Feb 00:15

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