Based on the last 12 Balance of Trade events in CA, we expect USDCAD to trend down later today. Based on these past events there is a 83.3% of this.
We expect USDCAD to trend down 2 hours following the event release at 02 Nov 12:30 if the released value is < C$0.15B. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jul 12:30 |
05 Apr 12:30 |
06 Feb 13:30 |
05 Jan 13:30 |
03 Nov 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
