Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 21 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend downwards for 2 hours because the released value is > 59.6

Historical events that allowed us to draw this conclusion

19 Jan 10:00

15 Sep 09:00

11 Aug 09:00

16 Jun 09:00

19 May 09:00