We expect USDCAD to trend upwards today with a 85.71% chance.

Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect USDCAD to trend upwards later today. Based on these past events there is a 85.71% chance of this. This will happen if the released value is < -7Historical events that allowed us to draw this conclusion

20 Jun 14:00
23 Apr 14:00
21 Mar 15:00
21 Dec 15:00
20 Sep 14:00
23 Aug 14:00

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

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