Based on the last 12 Retail Sales MoM events in United States, we may expect USDCAD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because the released value is > 0.3%. A price movement of 69 pips may be experienced.
Historical events that allowed us to draw this conclusion
17 Jan 13:30 |
14 Dec 13:30 |
15 Nov 13:30 |
17 Oct 12:30 |
15 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
