United States ISM Non-Manufacturing PMI News Event – a $464.268 opportunity on USDCAD

We expect a $464.268 movement on USDCAD within 2 hours following the release of ISM Non-Manufacturing PMI at 03 Jun 14:00. We expect USDCAD to trend downwards 2 hours following the event release at 03 Jun 14:00 if the released value is < 63. A price movement of 56 pips is expected. Historical events that allowed us to draw this conclusion

05 May 14:00
03 Mar 15:00
03 Dec 15:00
04 Nov 15:00