We expect USDCAD to trend upwards for the next 48 hours. Based on these past United States Adp Employment Change news events there is a 66.67% chance of this. We expect this to happen because the released value is < 140K. A price movement of 55 pips is expected. Historical events that allowed us to draw this conclusion
02 Oct 12:15 |
03 Apr 12:15 |
06 Mar 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
