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We expect a 50 pip movement on USDCAD for the next 4 hours.

We expect a $390 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the Non Farm Payrolls events in United States release because the released value is > 300K. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

05 Aug 12:30
03 Jun 12:30
06 May 12:30
04 Feb 13:30
05 Nov 12:30

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

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