Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a 47 pip movement on USDCAD within 2 hours following the event release at 13 Aug 14:00 UTC. We expect USDCAD to trend downwards 2 hours following the event release at 13 Aug 14:00 UTC if the released value is > 81.2

Historical events that allowed us to draw this conclusion

12 Mar 15:00

11 Dec 15:00

16 Oct 14:00

18 Sep 14:00