We expect a $828 movement on USDCAD within the next 12 hours. We expect USDCAD to trend upwards 12 hours following the Consumer Confidence Flash events in Euro Area release because the released value is > -25.8. A price movement of 106 pips is expected.

Historical events that allowed us to draw this conclusion

24 Aug 00:00	22 Apr 00:00
22 Jan 02:00	22 Oct 01:00

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