We expect a $381.854 movement on USDCAD within 4 hours following the release of Michigan Consumer Sentiment Prel at 14 Mar 01:00. We expect USDCAD to trend downwards 4 hours following the event release at 14 Mar 01:00 if the released value is > 95. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

15 Feb 02:00	12 Oct 01:00
18 May 00:00	16 Mar 01:00

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