We expect a $173.99 movement on USDCAD within the next 12 hours. We expect USDCAD to trend downwards 12 hours following the Retail Sales MoM events in Australia release because the released value is > 0.3%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
03 Apr 00:30 |
11 Jan 00:30 |
05 Oct 01:30 |
03 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
