Based on the last 12 GDP Growth Rate QoQ events in Australia, we could see a 140 pip movement on USDCAD for the next 48 hours. USDCAD could trend downwards for 48 hours because the released value is < 0.2% Historical events that allowed us to draw this conclusion
06 Mar 00:30 |
07 Jun 01:30 |
01 Mar 00:30 |
07 Dec 00:30 |
07 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
