We expect a $168.166 movement on USDCAD within 2 hours following the release of ZEW Economic Sentiment Index at 16 Mar 10:00. We expect USDCAD to trend downwards 2 hours following the event release at 16 Mar 10:00 if the released value is > 74. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

16 Feb 10:00

19 Jan 10:00

15 Sep 09:00

11 Aug 09:00

16 Jun 09:00

19 May 09:00