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 66.67% chance of this. We expect USDCAD to trend downwards 4 hours following the event release at 22 Apr 00:00 if the released value is < 5.3M. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion

23 Oct 01:00	24 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”).