We expect a $335 movement on USDCAD within the next 12 hours. We expect USDCAD to trend downwards 12 hours following the BoC Interest Rate Decision events in Canada release because the released value is = 2.75%. A price movement of 46 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 13:45 |
12 Mar 13:45 |
29 Jan 14:45 |
11 Dec 14:45 |
23 Oct 13:45 |
04 Sep 13:45 |
05 Jun 13:45 |
06 Mar 14:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
