We expect a $746.533 movement on USDCAD within 48 hours following the release of Housing Starts at 19 May 22:30. We expect USDCAD to trend upwards 48 hours following the event release at 19 May 22:30 if the released value is < 0.927M. A price movement of 104 pips is expected. Historical events that allowed us to draw this conclusion

16 Apr 22:30	20 Nov 00:30
16 Aug 22:30

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