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We expect USDCAD to trend downwards today with a 66.67% chance.

We expect USDCAD to trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is > -0.8%. A price movement of 56 pips is expected.

Historical events that allowed us to draw this conclusion

27 Sep 12:30
26 Aug 12:30
25 Apr 12:30
13 Mar 12:30

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

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