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USDCAD may be ready to trend upwards today with a 75% chance.

Based on the last 12 Balance of Trade events in Japan, USDCAD may trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > ¥-1150B

Historical events that allowed us to draw this conclusion

19 Jan 23:50
17 Aug 23:50
18 Apr 23:50

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

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US Treasury Bond JUNE 2022 has broken through resistance of a Flag. It has touched this line at least twice in the last 7 days.

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We expect HG to trend upwards today.

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