Want to know why USDCHF is going upwards for the next 12 hours?

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $303.976 movement on USDCHF within the next 12 hours. We expect USDCHF to trend upwards for the next 12 hours because the released value is < 61 Historical events that allowed us to draw this conclusion

07 Aug 00:00
05 Jun 00:00
08 Jan 02:00
08 Dec 02:00

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