17 pip movement on USDCAD expected

Past performance is not an indicator of future results.
Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 17 pip movement on USDCAD for the next 4 hours. We expect USDCAD to trend upwards for 4 hours because the released value is < -7.1

Historical events that allowed us to draw this conclusion

21 Dec 15:00
20 Sep 15:00
23 Aug 15:00
23 May 15:00

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

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