Based on the last 12 Housing Starts events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 19 Jan 13:30 if the released value is < 1.65M. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion

17 Nov 13:30

19 Oct 12:30

18 Aug 12:30

16 Jun 12:30

18 May 12:30

18 Feb 13:30