Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a 28 pip movement on USDCAD within 4 hours following the event release at 2023-03-17 14:00. We expect USDCAD to trend downwards 4 hours following the event release at 2023-03-17 14:00 if the released value is < 67 Historical events that allowed us to draw this conclusion
11 Nov 15:00 |
16 Sep 14:00 |
10 Jun 14:00 |
13 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
