Want to know why USDCAD is going downwards today?

Based on the last 12 New Home Sales events in United States, we expect a $2,639.754 movement on USDCAD within 48 hours following the event release at 27 Oct 01:00. We expect USDCAD to trend downwards 48 hours following the event release at 27 Oct 01:00 if the released value is > 1.025M

Historical events that allowed us to draw this conclusion

25 Sep 00:00
26 Aug 00:00
25 Jul 00:00
27 May 00:00
25 Mar 01:00
27 Nov 02:00
25 Oct 01:00

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