Based on the last 12 Non Farm Payrolls events in United States, we may expect USDCAD to trend upwards right now. Based on these past events there is a 83.33% chance of this. We made this conclusion because because the released value is > 325K. A price movement of 42 pips may be experienced.
Historical events that allowed us to draw this conclusion
06 May 12:30 |
04 Mar 13:30 |
04 Feb 13:30 |
05 Nov 12:30 |
06 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
