Based on the last 12 Ivey PMI s.a events in Canada, USDCAD could experience an downwards trend. Based on these past events there is a 71.43% chance of this, and the trend could last 2 hours because the released value is < 53.2. Historical events that allowed us to draw this conclusion
06 Feb 15:00 |
07 Jan 15:00 |
06 Nov 15:00 |
07 Aug 14:00 |
06 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
