We expect a $481.662 movement on USDCAD within 12 hours following the release of Housing Starts at 17 Mar 23:30. We expect USDCAD to trend upwards 12 hours following the event release at 17 Mar 23:30 if the released value is > 1.69M. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

20 Jan 00:30	17 Dec 00:30
21 Sep 22:30	16 Apr 22:30

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