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”).
