We expect USDCAD to trend downwards for the next 12 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen because the released value is = 3.60%. A price movement of 59 pips is expected.
Historical events that allowed us to draw this conclusion
20 May 04:30 |
01 Apr 04:30 |
18 Feb 03:30 |
05 Nov 03:30 |
24 Sep 04:30 |
06 Aug 04:30 |
18 Jun 04:30 |
06 Feb 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
