Based on the last 12 New Home Sales events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 2022-10-27 01:00 if the released value is > 0.585M. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

28 Sep 00:00	27 Jan 02:00
27 Oct 01:00

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