We expect a $226 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards 4 hours following the GDP Growth Rate QoQ events in Canada release because the released value is < 1%. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion

31 May 22:30	01 Jun 22:30
02 Dec 00:30

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