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We expect a 48 pip movement on USDCAD for the next 4 hours.

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”).

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