There is a 71.43% chance of USDCAD trending upwards

Based on past Switzerland KOF Leading Indicators news events there is a 71.43% chance of USDCAD trending upwards. We expect this to happen if the released value is > 77. A price movement of 88 pips is expected.

Historical events that allowed us to draw this conclusion

30 Mar 07:00
30 Jan 08:00
30 Oct 08:00
30 Aug 07:00
30 Jul 07:00

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

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