We expect USDCAD to trend downwards for the next 2 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is < -25.8. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

20 Jul 14:00

22 Jun 14:00

23 Mar 15:00

22 Nov 15:00