Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $453.146 movement on USDCAD within 2 hours following the event release at 07 Jul 00:00. We expect USDCAD to trend downwards 2 hours following the event release at 07 Jul 00:00 if the released value is < 63.5 Historical events that allowed us to draw this conclusion

06 May 00:00	04 Mar 02:00
04 Dec 02:00	05 Nov 02:00

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