57 pip movement on USDCAD expected

Past performance is not an indicator of future results.
Based on the last 12 Retail Sales MoM events in United States, we expect a 57 pip movement on USDCAD for the next 48 hours. We expect USDCAD to trend downwards for 48 hours because the released value is < 0.2%

Historical events that allowed us to draw this conclusion

15 Oct 13:30
14 Feb 13:30

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