Based on past United States Adp Employment Change news events there is a 80% chance of USDCAD trending downwards. We expect this to happen if the released value is > 177K. A price movement of 96 pips is expected.

Historical events that allowed us to draw this conclusion

04 Feb 00:15	30 Sep 22:15
03 Jun 22:15	01 Apr 23:15

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