We expect USDCAD to trend downwards later today. Based on these past United States GDP Growth Rate QoQ Final news events there is a 75% chance of this. We expect this to happen if the released value is < -31.7%. A price movement of 128 pips is expected. Historical events that allowed us to draw this conclusion

28 Mar 23:30	28 Jun 22:30
22 Dec 00:30

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