USDCAD could trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 80% chance of this. This could happen only if the released value is > 0%. The price movement may be as big as 73 pips.

Historical events that allowed us to draw this conclusion

26 Feb 00:30	24 Dec 00:30
27 Oct 23:30	27 Sep 22:30

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