We expect a $108.304 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the ECB Interest Rate Decision events in Euro Area release because the released value is = 0%. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

12 Dec 23:45	24 Oct 22:45
12 Sep 21:45	25 Jul 21:45
10 Apr 21:45	07 Mar 23:45
25 Oct 22:45	13 Sep 21:45

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