We expect a $38.307 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the Unemployment Rate events in Australia release because the released value is = 5.2%. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
18 Apr 01:30 |
21 Feb 00:30 |
13 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
