We expect a $275.281 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the BoC Interest Rate Decision events in Canada release because the released value is = 1.75%. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
24 Apr 14:00 |
06 Mar 15:00 |
09 Jan 15:00 |
05 Dec 15:00 |
05 Sep 14:00 |
11 Jul 14:00 |
18 Apr 14:00 |
07 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
