We expect a $228 movement on USDCAD within 12 hours following the release of Consumer Confidence at 2023-01-05 05:00. We expect USDCAD to trend upwards 12 hours following the event release at 2023-01-05 05:00 if the released value is > 29. A price movement of 31 pips is expected.
Historical events that allowed us to draw this conclusion
31 Aug 05:00 |
02 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
