Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect USDCAD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards for the next 12 hours because the released value is > 44. A price movement of 42 pips is expected.

Historical events that allowed us to draw this conclusion

05 Mar 02:00	06 Nov 02:00
06 Sep 00:00	06 Jun 00:00

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