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We expect a $219 movement on USDCAD within the next 4 hours.

We expect USDCAD to trend upwards for the next 4 hours. Based on these past France Inflation Rate YoY Prel news events there is a 80% chance of this. We expect this to happen because the released value is > 2.7%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

31 Jan 07:45
31 Aug 06:45
28 Apr 06:45
31 Mar 06:45

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

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