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Want to know why USDCAD is going up for the next 2 hours?

Want to know why USDCAD is going up for the next 2 hours?

Based on the last 12 BoC Interest Rate Decision events in CA, we expect a $364.53 movement on USDCAD within the next 2 hours.
We expect USDCAD to trend up for the next 2 hours because the released value is = 1.75%

Historical events that allowed us to draw this conclusion

06 Mar 15:00
 
09 Jan 15:00
 
05 Dec 15:00
 
05 Sep 14:00
 
11 Jul 14:00
 
18 Apr 14:00
 
07 Mar 15:00
 
06 Dec 15:00
 
25 Oct 14:00
 

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

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