Want to know why USDCAD is going downwards today?

Based on the last 12 Continuing Jobless Claims events in United States, we expect a $548.333 movement on USDCAD within 2 hours following the event release at 09 Jul 22:30. We expect USDCAD to trend downwards 2 hours following the event release at 09 Jul 22:30 if the released value is < 18950K Historical events that allowed us to draw this conclusion

25 Jun 22:30
28 May 22:30
14 May 22:30
23 Apr 22:30

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