Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 48 pip movement on USDCAD for the next 4 hours. We expect USDCAD to trend upwards for 4 hours because the released value is < 59 Historical events that allowed us to draw this conclusion
04 Jan 15:00 |
02 Aug 14:00 |
01 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
