Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 27 Oct 12:30 if the released value is > 0.5%. A price movement of 41 pips is expected.

Historical events that allowed us to draw this conclusion

26 Aug 12:30

25 Jun 12:30

28 May 12:30

25 Mar 12:30

27 Feb 13:30

28 Jan 13:30