USDCAD may trend downwards from 12 Aug 16:00
We expect USDCAD to trend downwards later today. Based on these past United Kingdom Balance of Trade news events there is a 71.43% chance of this. We expect this to happen if the released value is > £-2.2B. A price movement of 88 pips is expected.Historical events that allowed us to draw this conclusion09 Jul 21:0012 May 16:0012 Mar 18:0009…