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We could see USDCAD trend downwards for the next 12 hours.

Based on the last 12 New Home Sales events in United States, USDCAD may trend downwards for the next 12 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is < 0.75M Historical events that allowed us to draw this conclusion

26 Apr 14:00
23 Mar 14:00
24 Feb 15:00
23 Dec 15:00
24 Nov 15:00
26 Jul 14:00

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

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We expect S to trend downwards today.

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Important price line being approached by NZD/USD. This price has been tested numerous times before.

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