Based on the last 12 Balance of Trade 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 4 hours because the released value is > C$0.8B.
Historical events that allowed us to draw this conclusion
07 Mar 13:30 |
05 Oct 12:30 |
06 Sep 12:30 |
07 Jun 12:30 |
04 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
