Based on past Italy GDP Growth Rate QoQ Adv news events there is a 81.82% chance of USDCAD trending downwards. A price movement of 14 could occur if the released value is > -0.2%.

Historical events that allowed us to draw this conclusion

29 Oct 19:00	30 Jul 18:00
30 Apr 18:00	30 Oct 20:00
31 Jul 18:00	30 Apr 20:00
31 Oct 22:00	31 Jul 20:00
30 Apr 20:00

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