We expect USDCAD to trend upwards right now.

Based on the last 12 Existing Home Sales events in United States, we expect USDCAD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards for the next 2 hours because the released value is > 5.39M. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jun 14:00
22 Mar 14:00
19 Dec 15:00

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

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