We could see a $340.582 movement on USDCAD within the next 2 hours. USDCAD could trend upwards 2 hours following the Housing Starts events in United States release because the released value is > 1.745M. We may experience a price movement of 43 pips.

Historical events that allowed us to draw this conclusion

20 Jan 00:30	17 Dec 00:30
21 Sep 22:30	20 Jul 22:30

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