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There is a 66.67% chance of USDCAD trending downwards

Based on past United States GDP Price Index QoQ 2nd Est news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen because the released value is > 2.4%. A price movement of 28 pips is expected.

Historical events that allowed us to draw this conclusion

28 Feb 13:30
29 Aug 12:30

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

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We expect USDCHF to trend downwards right now.

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