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We expect USDCAD to trend downwards right now.

Based on the last 12 Inflation Rate YoY Prel events in Germany, we could see a $320 movement on USDCAD within the next 4 hours. We may see USDCAD trend downwards for 4 hours because the released value is < 2.3% Historical events that allowed us to draw this conclusion

29 Apr 12:00
29 Feb 13:00
31 Jan 13:00
28 Sep 12:00

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

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