We expect a $256.475 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards 2 hours following the Balance of Trade events in United Kingdom release because the released value is > £-3.2B. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

12 May 06:00

12 Nov 07:00

09 Oct 06:00

12 Aug 06:00

12 Jun 06:00