United States ISM Non-Manufacturing PMI News Event – a possible $111.672 movement on USDCAD

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $111.672 movement on USDCAD within 2 hours following the event release at 04 Aug 14:00. We expect USDCAD to trend upwards 2 hours following the event release at 04 Aug 14:00 if the released value is > 60.5

Historical events that allowed us to draw this conclusion

03 Jun 14:00
07 Jan 15:00
05 Oct 14:00
05 Aug 14:00