Based on the last 12 Non Farm Payrolls events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 2023-03-10 13:30 if the released value is > 205K. A price movement of 152 pips is expected.
Historical events that allowed us to draw this conclusion
03 Feb 13:30 |
02 Dec 13:30 |
07 Oct 12:30 |
08 Jul 12:30 |
03 Jun 12:30 |
06 May 12:30 |
04 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
