Based on the last 12 Balance of Trade events in Canada, we could see a $402 movement on USDCHF within the next 4 hours. USDCHF could trend downwards for the next 4 hours because the released value is < C$-1.5B Historical events that allowed us to draw this conclusion
05 Feb 13:30 |
05 Dec 13:30 |
08 Oct 12:30 |
04 Sep 12:30 |
03 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
