Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a 40 pip movement on USDCAD within 2 hours following the event release at 2023-03-18 01:00. We expect USDCAD to trend downwards 2 hours following the event release at 2023-03-18 01:00 if the released value is < 67 Historical events that allowed us to draw this conclusion

12 Nov 02:00	17 Sep 00:00
11 Jun 00:00	14 May 00:00

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