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We expect USDCAD to trend downwards right now.

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”).

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