We expect a $206.606 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < 79. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

10 Nov 21:00

13 Oct 20:00

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