Based on the last 12 Existing Home Sales events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards 48 hours following the event release at 19 Feb 02:00 if the released value is < 6.1M. A price movement of 78 pips is expected. Historical events that allowed us to draw this conclusion

23 Dec 02:00	23 Sep 00:00
23 Jul 00:00	22 May 00:00
23 Apr 00:00

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