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We expect USDCAD to trend downwards today with a 75% chance.

Based on the last 12 Retail Sales MoM events in United States, we expect a $213 movement on USDCAD within 4 hours following the event release at 2024-11-15 13:30. We expect USDCAD to trend downwards 4 hours following the event release at 2024-11-15 13:30 if the released value is < 0.3% Historical events that allowed us to draw this conclusion

18 Jun 12:30
15 May 12:30
15 Feb 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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