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Want to know why USDCAD is going down today?

Want to know why USDCAD is going down today?

Based on the last 12 Unemployment Rate events in CA, we expect a $456.41 movement on USDCAD within 4 hours following the event release at 05 Oct 12:30.
We expect USDCAD to trend down 4 hours following the event release at 05 Oct 12:30 if the released value is < 5.9% Historical events that allowed us to draw this conclusion

09 Mar 13:30
 
05 Jan 13:30
 
01 Dec 13:30
 
06 Oct 12:30
 

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

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