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We expect a $1162 movement on USDCHF within the next 48 hours.

Based on past Canada Ivey PMI s.a news events there is a 75% chance of USDCHF trending downwards. We expect this to happen because the released value is < 64. A price movement of 113 pips is expected. Historical events that allowed us to draw this conclusion

06 May 14:00
07 Jan 15:00
06 Aug 14:00

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 US Treasury Bond SEPTEMBER 2022. This price has been tested numerous times before.

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We expect a 2250 pip movement on S for the next 12 hours.

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