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We expect a 37 pip movement on USDCAD for the next 12 hours.

Based on the last 12 Existing Home Sales events in United States, we expect a 37 pip movement on USDCAD for the next 12 hours. We expect USDCAD to trend downwards for 12 hours because the released value is < 6.44M Historical events that allowed us to draw this conclusion

22 Dec 15:00
22 Sep 14:00
22 Jul 14:00
22 Apr 14:00

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

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