Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is > 75. A price movement of 92 pips is expected.

Historical events that allowed us to draw this conclusion

16 May 00:00	14 Mar 01:00
07 Dec 02:00	14 Sep 00:00

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