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There is a 80% chance of USDCAD trending downwards

Based on past Germany ZEW Economic Sentiment Index news events there is a 80% chance of USDCAD trending downwards. A price movement of 24 could occur if the released value is > -27.5.

Historical events that allowed us to draw this conclusion

12 Apr 09:00
18 Jan 10:00
07 Dec 10:00
09 Nov 10:00

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

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