Based on past United States ISM Non-Manufacturing PMI news events there is a 71.43% chance of USDCAD trending upwards. We expect this to happen because the released value is > 59.5. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

04 Dec 02:00	06 Oct 01:00
05 Aug 00:00	04 Jun 00:00
06 Apr 00:00	04 Feb 02:00

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