We expect USDCAD to trend downwards later today. Based on these past United States Adp Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is < 650K. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

05 May 22:15	31 Mar 23:15
04 Mar 00:15	03 Dec 00:15
05 Nov 00:15	01 Jul 22:15

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