We expect a $1532 movement on USDCAD within the next 48 hours. We expect USDCAD to trend upwards 48 hours following the Philadelphia Fed Manufacturing Index events in United States release because the released value is > -5. A price movement of 196 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jan 13:30 |
18 Nov 13:30 |
16 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
