Based on the last 12 Consumer Confidence events in Japan, we expect USDCAD to trend downwards later today. Based on these past events there is a 70% chance of this. This will happen if the released value is < 43.3
Historical events that allowed us to draw this conclusion
31 Oct 05:00 |
31 Jul 06:00 |
29 Jun 06:00 |
30 May 06:00 |
02 May 06:00 |
01 Mar 05:00 |
31 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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