We expect USDCAD to trend upwards 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 > 388K. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

06 Jan 00:15	02 Dec 00:15
30 Jun 22:15	03 Jun 22:15

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