We expect a $1336 movement on USDCAD within the next 48 hours. We expect USDCAD to trend upwards 48 hours following the Balance of Trade events in Germany release because the released value is < €6.2B. A price movement of 171 pips is expected. Historical events that allowed us to draw this conclusion
04 Jul 06:00 |
03 Jun 06:00 |
04 Mar 07:00 |
09 Feb 07:00 |
09 Dec 07:00 |
09 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
