We expect a $631 movement on USDCAD within the next 12 hours. We expect USDCAD to trend upwards 12 hours following the Consumer Confidence events in Switzerland release because the released value is < -22. A price movement of 85 pips is expected. Historical events that allowed us to draw this conclusion
02 May 07:00 |
02 May 07:00 |
01 Feb 08:00 |
04 Nov 08:00 |
04 May 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
