Based on the last 12 New Home Sales events in US, we expect USDCAD to trend up later today. Based on these past events there is a 75.0% of this.
We expect USDCAD to trend up 2 hours following the event release at 23 Apr 14:00 if the released value is < 0.647M. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
23 Aug 14:00 |
25 Jul 14:00 |
23 May 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
