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We expect USDCAD to trend downwards for the next 48 hours.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, USDCAD may trend downwards for the next 48 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is < 13 Historical events that allowed us to draw this conclusion

17 Sep 09:00
13 Aug 09:00
16 Jul 09:00
18 Jun 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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