Based on the last 12 Existing Home Sales events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend upwards 48 hours following the event release at 19 Sep 14:00 if the released value is < 5.37M. A price movement of 84 pips is expected. Historical events that allowed us to draw this conclusion
21 May 14:00 |
22 Apr 14:00 |
22 Jan 15:00 |
19 Oct 14:00 |
20 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
