80% probability that USDCAD may trend downwards

Based on the last 12 Existing Home Sales events in United States, USDCAD may trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 5.4M

Historical events that allowed us to draw this conclusion

23 Nov 02:00
22 Oct 01:00
24 Aug 00:00
23 Jun 00:00

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