77.78% probability that USDCAD may trend upwards

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, USDCAD may trend upwards later today. Based on these past events there is a 77.78% chance of this. This may happen if the released value is < 64 Historical events that allowed us to draw this conclusion

12 Mar 02:00
12 Feb 02:00
15 Jan 02:00
16 Oct 01:00
18 Sep 00:00
17 Jul 00:00
15 May 00:00

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