We expect a $388.232 movement on USDCAD within 48 hours following the release of Westpac Consumer Confidence Index at 11 Dec 23:30. We expect USDCAD to trend downwards 48 hours following the event release at 11 Dec 23:30 if the released value is < 104. A price movement of 52 pips is expected.
Historical events that allowed us to draw this conclusion
12 Sep 01:30 |
16 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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