30 pip movement on USDCAD expected

Based on the last 12 Balance of Trade events in Germany, we expect a 30 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend upwards for 2 hours because the released value is > €17.7B

Historical events that allowed us to draw this conclusion

08 Jun 07:00
08 May 07:00
09 Jan 07:00

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

Tradez Maintenant