Based on the last 12 Unemployment Rate events in United Kingdom, we could see a 152 pip movement on USDCAD for the next 48 hours. USDCAD could trend upwards for 48 hours because the released value is = 4.5%
Historical events that allowed us to draw this conclusion
15 Apr 06:00 |
17 Dec 07:00 |
10 Sep 06:00 |
18 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
