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We could see USDCAD trend downwards right now.

Based on the last 12 Housing Starts events in United States, we could see USDCAD trend downwards right now. Based on historical events there is a 66.67% chance of this. This may happen because the released value is > 1.745M

Historical events that allowed us to draw this conclusion

17 Mar 12:30
16 Dec 13:30
20 Jul 12:30
16 Apr 12:30

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

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