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We expect CC to trend downwards right now.

Based on the last 12 Inflation Rate YoY events in Canada, CC could experience an downwards trend. Based on these past events there is a 75% chance of this, and the trend could last 2 hours because the released value is > 2.6%.

Historical events that allowed us to draw this conclusion

16 Apr 12:30
19 Dec 13:30
19 Sep 12:30

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

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After experiencing a 13.83% bearish move in the space of 19 days, nobody knows where BTCAUD is headed.

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We expect USDCAD to trend upwards right now.

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