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We could see a 38 pip movement on USDCAD within 12 hours following this event release.

Based on the last 12 GDP Growth Rate QoQ events in Australia, we may see a 38 pip movement on USDCAD within 12 hours following the event release at 01 Jun 01:30 UTC. USDCAD may trend downwards 12 hours following the event release at 01 Jun 01:30 UTC if the released value is > 0.5%

Historical events that allowed us to draw this conclusion

02 Mar 00:30
01 Dec 00:30
01 Sep 01:30
03 Mar 00:30
04 Mar 00:30

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

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