We expect a $501.652 movement on USDCAD within the next 48 hours.

We expect a $501.652 movement on USDCAD within the next 48 hours. We expect USDCAD to trend downwards 48 hours following the Industrial Production YoY events in Euro Area release because the released value is > 37.4%. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

12 Mar 10:00
13 Jan 10:00
14 Dec 10:00
14 Sep 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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