We expect a $1121 movement on USDCAD within 48 hours following the event release at 2023-01-06 13:30.

We expect a $1121 movement on USDCAD within 48 hours following the release of Non Farm Payrolls at 2023-01-06 13:30. We expect USDCAD to trend upwards 48 hours following the event release at 2023-01-06 13:30 if the released value is > 200K. A price movement of 152 pips is expected.

Historical events that allowed us to draw this conclusion

02 Dec 13:30

07 Oct 12:30

08 Jul 12:30

03 Jun 12:30

06 May 12:30

04 Mar 13:30

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