Based on the last 12 Balance of Trade events in Canada, we could see a $672 movement on USDCAD within the next 48 hours. USDCAD could trend downwards for the next 48 hours because the released value is < C$1.1B Historical events that allowed us to draw this conclusion
09 Jan 13:30 |
05 Jan 13:30 |
03 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
