We expect USDCAD to trend downwards for the next 2 hours. Based on these past United States Non Farm Payrolls news events there is a 66.67% chance of this. We expect this to happen because the released value is > 170K. A price movement of 122 pips is expected.
Historical events that allowed us to draw this conclusion
05 May 12:30 |
10 Mar 13:30 |
03 Feb 13:30 |
06 Jan 13:30 |
04 Nov 12:30 |
07 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
