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We expect USDCAD to trend downwards today with a 77.78% chance.

We expect USDCAD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 77.78% chance of this. We expect this to happen if the released value is < € 10.8B. A price movement of 73 pips is expected. Historical events that allowed us to draw this conclusion

07 Jan 07:00
08 Oct 06:00
09 Sep 06:00
09 Aug 06:00
08 Jul 06:00
09 Apr 06:00
09 Feb 07:00

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

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