We expect a $371.248 movement on USDCAD within 2 hours following the release of Michigan Consumer Sentiment Prel at 17 Sep 14:00. We expect USDCAD to trend downwards 2 hours following the event release at 17 Sep 14:00 if the released value is > 72. A price movement of 47 pips is expected.

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