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There is a 81.82% chance of HE trending downwards

Based on the last 12 RBA Interest Rate Decision events in Australia, HE could experience an downwards trend. Based on these past events there is a 81.82% chance of this, and the trend could last 12 hours because the released value is = 3.60%.

Historical events that allowed us to draw this conclusion

01 Apr 04:30
18 Feb 03:30
10 Dec 03:30
05 Nov 03:30
24 Sep 04:30
06 Aug 04:30
18 Jun 04:30
07 May 04:30
06 Feb 03:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a 264 pip movement on GF within 4 hours following the event release.

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We expect USDCAD to trend downwards for the next 12 hours.

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