Want to know why USDCAD is going downwards today?

Based on the last 12 Existing Home Sales events in United States, we expect a $229.81 movement on USDCAD within 2 hours following the event release at 19 Mar 01:00. We expect USDCAD to trend downwards 2 hours following the event release at 19 Mar 01:00 if the released value is > 6.1M

Historical events that allowed us to draw this conclusion

23 Nov 02:00
22 Oct 01:00
24 Aug 00:00
23 Jun 00:00

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