We expect a $390 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the Non Farm Payrolls events in United States release because the released value is > 300K. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
05 Aug 12:30 |
03 Jun 12:30 |
06 May 12:30 |
04 Feb 13:30 |
05 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
