We expect a $1414 movement on USDCAD within the next 48 hours. We expect USDCAD to trend upwards 48 hours following the Inflation Rate YoY events in United States release because the released value is > 8.1%. A price movement of 181 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jul 12:30 |
10 Jun 12:30 |
11 May 12:30 |
10 Feb 13:30 |
10 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
