Based on the last 12 New Home Sales events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is > 0.886M

Historical events that allowed us to draw this conclusion

25 Feb 02:00	24 Dec 02:00
26 Nov 02:00	25 Sep 00:00
26 Aug 00:00	25 Jul 00:00
27 May 00:00

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