We expect USDCAD to trend upwards later today. Based on these past Switzerland SNB Interest Rate Decison news events there is a 66.67% chance of this. We expect this to happen if the released value is = -0.75%. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

12 Dec 19:30	21 Mar 19:30
13 Dec 19:30	21 Jun 17:30
15 Mar 19:30	14 Sep 17:30
15 Jun 17:30	16 Mar 19:30

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