We expect USDCAD to trend downwards later today. Based on these past United States GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. We expect this to happen if the released value is > 2.7%. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

25 Aug 22:30

27 Aug 22:30

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