Want to know why USDCAD is going downwards today?

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a $660.832 movement on USDCAD within 48 hours following the event release at 12 Jun 00:00. We expect USDCAD to trend downwards 48 hours following the event release at 12 Jun 00:00 if the released value is > 84

Historical events that allowed us to draw this conclusion

13 Mar 02:00
12 Dec 02:00
17 Oct 01:00
15 Aug 00:00
13 Jun 00:00

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