We expect a $709 movement on USDCAD within the next 48 hours. We expect USDCAD to trend downwards 48 hours following the Ivey PMI s.a events in Canada release because the released value is > 58.1. A price movement of 97 pips is expected.
Historical events that allowed us to draw this conclusion
05 Apr 14:00 |
06 Feb 15:00 |
05 Oct 14:00 |
07 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
