Based on the last 12 RBA Interest Rate Decision events in AU, we expect USDCAD to trend down. Based on these past events there is a 75.0% of this.
We expect USDCAD to trend down for 2 hours because the released value is = 1.5%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
02 Apr 03:30 |
05 Feb 03:30 |
04 Dec 03:30 |
06 Nov 03:30 |
04 Sep 04:30 |
07 Aug 04:30 |
03 Jul 04:30 |
05 Jun 04:30 |
03 Apr 04:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
