We expect a $129.853 movement on USDCAD within 2 hours following the release of GfK Consumer Confidence at 24 Jun 23:01. We expect USDCAD to trend downwards 2 hours following the event release at 24 Jun 23:01 if the released value is < -7. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

22 Apr 23:01

20 Aug 23:01

23 Jul 23:01