Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 08 Jan 02:00 if the released value is < 53.8. A price movement of 55 pips is expected. Historical events that allowed us to draw this conclusion

07 Nov 02:00	05 Oct 00:00
07 Mar 02:00	07 Feb 02:00