Based on the last 12 Unemployment Rate events in Euro Area, we expect USDCAD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards for 2 hours because the released value is = 8.1%. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jan 10:00