Based on the last 12 Balance of Trade events in Canada, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards 12 hours following the event release at 2025-02-05 13:30 if the released value is < C$0.75B. A price movement of 46 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 13:30 |
04 Sep 12:30 |
03 Jul 12:30 |
02 May 12:30 |
07 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
