Based on the last 12 Business Confidence events in Euro Area, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > -2

Historical events that allowed us to draw this conclusion

27 Feb 21:00	30 Oct 21:00
29 Aug 19:00

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