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 71.43% chance of this. This may happen if the released value is > 1.53M

Historical events that allowed us to draw this conclusion

18 Aug 22:30	17 Jul 22:30
18 Mar 23:30	20 Feb 00:30
18 Jan 00:30

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