We expect a $122.534 movement on USDCAD within the next 48 hours. We expect USDCAD to trend upwards 48 hours following the Non Farm Payrolls events in United States release because the released value is > 160K. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
03 May 12:30 |
02 Nov 12:30 |
07 Sep 12:30 |
06 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
