Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < -4% Historical events that allowed us to draw this conclusion
24 Mar 12:30 |
23 Dec 13:30 |
27 Oct 12:30 |
24 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
