Based on past Switzerland KOF Leading Indicators news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is > 119.5. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

30 Mar 07:00

26 Feb 08:00

30 Nov 08:00

30 Sep 07:00

28 Aug 07:00