We expect USDCAD to trend upwards later today. Based on these past United States Adp Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is < 149K. A price movement of 57 pips is expected. Historical events that allowed us to draw this conclusion
05 Jun 12:15 |
03 Apr 12:15 |
06 Mar 13:15 |
06 Sep 12:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
