We expect a $204.532 movement on USDCAD within 2 hours following the release of Consumer Confidence at 05 Jan 05:00. We expect USDCAD to trend downwards 2 hours following the event release at 05 Jan 05:00 if the released value is < 39.8. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

02 Dec 05:00

31 Aug 05:00

29 Jan 05:00

06 Jan 05:00