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There is a 88.89% chance of USDCHF trending downwards

Based on past Canada Employment Change news events there is a 88.89% chance of USDCHF trending downwards. We expect this to happen if the released value is > 15.9K. A price movement of 46 pips is expected.

Historical events that allowed us to draw this conclusion

11 Oct 12:30
06 Sep 12:30
07 Jun 12:30
10 May 12:30
08 Mar 13:30
08 Feb 13:30
04 Jan 13:30
07 Dec 13:30

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

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We expect ZO to trend downwards today.

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Be very careful of upcoming volatility. We expect a $0 movement on NE.

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