We expect USDCAD to trend upwards for the next 2 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of this. We expect this to happen because the released value is < 63.1. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion
07 Feb 15:00 |
10 Jan 15:00 |
11 Oct 14:00 |
10 May 14:00 |
12 Apr 14:00 |
15 Mar 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
