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We expect a $326.426 movement on USDCAD within the next 2 hours.

We expect a $326.426 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Ivey PMI s.a events in Canada release because the released value is > 53.8. A price movement of 43 pips is expected.

Historical events that allowed us to draw this conclusion

06 Sep 14:00
07 May 14:00
04 Apr 14:00
07 Jan 15:00

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

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