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We expect a 66 pip movement on USDCAD within 48 hours following the event release.

Based on the last 12 Adp Employment Change events in United States, we expect a 66 pip movement on USDCAD within 48 hours following the event release at 05 Jan 13:15 GMT. We expect USDCAD to trend upwards 48 hours following the event release at 05 Jan 13:15 GMT if the released value is > 400K

Historical events that allowed us to draw this conclusion

01 Dec 13:15
03 Nov 12:15
30 Jun 12:15
03 Feb 13:15

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

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