We expect USDCAD to trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 77.78% chance of this. We expect this to happen if the released value is > 1.1%. A price movement of 41 pips is expected.

Historical events that allowed us to draw this conclusion

23 Dec 13:30

25 Nov 13:30

26 Aug 12:30

25 Jun 12:30

28 May 12:30

25 Mar 12:30

27 Feb 13:30