We expect USDCAD to trend upwards for the next 4 hours. Based on these past United States ISM Manufacturing PMI news events there is a 75% chance of this. We expect this to happen because the released value is < 52. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion

03 May 00:00	02 Apr 01:00
05 Jan 02:00

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