USDCAD may trend upwards right now

We expect a $148 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -53.8. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

12 Jul 09:00
14 Jun 09:00
15 Feb 10:00
07 Sep 09:00
10 Aug 09:00