Based on past United States Durable Goods Orders MoM news events there is a 80% chance of USDCAD trending upwards. We expect this to happen if the released value is > 0.8%. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

27 Oct 12:30

27 Sep 12:30

25 Aug 12:30

25 Feb 13:30