Based on the last 12 New Home Sales events in United States, we expect a 48 pip movement on USDCAD within 12 hours following the event release at 27 Oct 01:00 GMT+11. We expect USDCAD to trend downwards 12 hours following the event release at 27 Oct 01:00 GMT+11 if the released value is > 1.025M

Historical events that allowed us to draw this conclusion

25 Sep 00:00	26 Aug 00:00
25 Jul 00:00	27 May 00:00
25 Mar 01:00	27 Nov 02:00
25 Oct 01:00

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