Based on the last 12 ZEW Economic Sentiment Index events in Germany, we could see a $469.517 movement on USDCAD within the next 12 hours. USDCAD could trend downwards for the next 12 hours because the released value is > -42

Historical events that allowed us to draw this conclusion

12 Apr 19:00	18 Jan 21:00
07 Dec 21:00	11 May 19:00

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