We expect USDCAD to trend upwards for the next 2 hours. Based on these past Switzerland KOF Leading Indicators news events there is a 66.67% chance of this. We expect this to happen because the released value is > 84.5. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jun 17:00	29 Apr 17:00
28 Jan 19:00	30 Dec 19:00

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