We expect USDCAD to trend upwards later today. Based on these past United States Housing Starts news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1.4M. A price movement of 42 pips is expected.
Historical events that allowed us to draw this conclusion
18 Apr 12:30 |
16 Mar 12:30 |
20 Dec 13:30 |
20 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
