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We expect a $0.983 movement on ED within the next 4 hours.

Based on the last 12 GDP Growth Rate Annualized events in Canada, we expect a $0.983 movement on ED within the next 4 hours. We expect ED to trend upwards for the next 4 hours because the released value is > 1.2%

Historical events that allowed us to draw this conclusion

30 Aug 12:30
01 Dec 13:30
31 Aug 12:30
31 May 12:30
30 Nov 13:30

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

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Important price line being approached by NZD/USD. This price has been tested numerous times before.

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