We expect a $488 movement on USDCHF within the next 12 hours. We expect USDCHF to trend downwards 12 hours following the Balance of Trade events in Canada release because the released value is < C$0.75B. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 13:30 |
08 Oct 12:30 |
04 Sep 12:30 |
03 Jul 12:30 |
02 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
