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We expect USDCAD to trend upwards today.

Based on the last 12 Retail Sales MoM events in United States, we expect a $203 movement on USDCAD within 4 hours following the event release at 2022-11-16 13:30. We expect USDCAD to trend upwards 4 hours following the event release at 2022-11-16 13:30 if the released value is > 1%

Historical events that allowed us to draw this conclusion

15 Sep 12:30
16 Feb 13:30
16 Nov 13:30

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

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