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We expect a 67 pip movement on USDCAD for the next 48 hours.

Based on the last 12 Non Farm Payrolls events in United States, we expect a 67 pip movement on USDCAD for the next 48 hours. We expect USDCAD to trend downwards for 48 hours because the released value is > 400K

Historical events that allowed us to draw this conclusion

04 Feb 13:30
05 Nov 12:30
02 Jul 12:30
05 Mar 13:30

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

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