We expect a $547 movement on USDCAD within the next 12 hours. We expect USDCAD to trend downwards 12 hours following the Ifo Business Climate events in Germany release because the released value is < 85.6. A price movement of 78 pips is expected. Historical events that allowed us to draw this conclusion
24 Sep 08:00 |
25 Jul 08:00 |
24 Jun 08:00 |
27 May 08:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
