Based on the last 12 Existing Home Sales events in United States, we expect USDCAD to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 21 Mar 01:00 if the released value is > 5.5M. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

22 Feb 02:00	23 Jan 02:00
20 Sep 00:00	22 Aug 00:00
23 Mar 01:00

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