Based on the last 12 Ivey PMI s.a events in Canada, we expect USDCAD to trend downwards for the next 48 hours. Based on these past events there is a 71.43% chance of this. This may happen because the released value is > 50
Historical events that allowed us to draw this conclusion
07 Oct 14:00 |
08 Sep 14:00 |
07 Apr 14:00 |
05 Mar 15:00 |
05 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
