We expect USDCAD to trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is > -0.8%. A price movement of 56 pips is expected.
Historical events that allowed us to draw this conclusion
27 Sep 12:30 |
26 Aug 12:30 |
25 Apr 12:30 |
13 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
