We expect USDCAD to trend downwards later today. Based on these past United States Non Farm Payrolls news events there is a 81.82% chance of this. We expect this to happen if the released value is > 190K. A price movement of 122 pips is expected.

Historical events that allowed us to draw this conclusion

05 May 22:30	11 Mar 00:30
04 Feb 00:30	07 Jan 00:30
04 Nov 23:30	07 Oct 23:30
02 Sep 22:30	08 Jul 22:30
03 Jun 22:30

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