We expect a $1298 movement on USDCAD within 4 hours following the event release at 2023-06-02 12:30.

We expect a $1298 movement on USDCAD within 4 hours following the release of Non Farm Payrolls at 2023-06-02 12:30. We expect USDCAD to trend downwards 4 hours following the event release at 2023-06-02 12:30 if the released value is > 190K. A price movement of 176 pips is expected.

Historical events that allowed us to draw this conclusion

05 May 12:30

10 Mar 13:30

06 Jan 13:30

02 Dec 13:30

04 Nov 12:30

07 Oct 12:30

02 Sep 12:30

08 Jul 12:30

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