Canada Employment Change News Event – a possible $1,389.171 movement on USDCAD

Based on the last 12 Employment Change events in Canada, we expect a $1,389.171 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards for 4 hours because the released value is > 156.6K

Historical events that allowed us to draw this conclusion

07 Aug 22:30
10 Jul 22:30
05 Jun 22:30
07 Mar 00:30
08 Feb 00:30

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