USDCAD could trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. This could happen only if the released value is > 58. The price movement may be as big as 56 pips.
Historical events that allowed us to draw this conclusion
14 Apr 14:00 |
11 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
