We expect a $423.384 movement on USDCAD within 2 hours following the release of Inflation Rate YoY Prel at 29 Apr 22:00. We expect USDCAD to trend downwards 2 hours following the event release at 29 Apr 22:00 if the released value is > 1.9%. A price movement of 52 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 00:00	29 Jan 00:00
30 Oct 00:00	29 Apr 22:00

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