Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 11 Jun 00:00 if the released value is > 58. A price movement of 56 pips could result.

Historical events that allowed us to draw this conclusion

15 Apr 00:00

12 Jun 00:00

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