We could see a $828.008 movement on USDCAD within the next 12 hours. USDCAD could trend upwards 12 hours following the Consumer Confidence Flash events in Euro Area release because the released value is > -21.5. We may experience a price movement of 106 pips.

Historical events that allowed us to draw this conclusion

22 Apr 00:00	22 Jan 02:00
22 Oct 01:00	22 May 00:00

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