Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen if the released value is > 67.1. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

13 Mar 02:00

12 Dec 02:00

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