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We expect a $275.281 movement on USDCAD within the next 4 hours.

We expect a $275.281 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the BoC Interest Rate Decision events in Canada release because the released value is = 1.75%. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

24 Apr 14:00
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

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

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