We expect a $452.754 movement on USDCAD within the next 48 hours.

We expect a $452.754 movement on USDCAD within the next 48 hours. We expect USDCAD to trend downwards 48 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is > -13. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

15 Oct 09:00

16 Apr 09:00

19 Mar 10:00

19 Feb 10:00

11 Dec 10:00

13 Nov 10:00

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