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We could see USDCAD trend downwards for the next 4 hours.

Based on the last 12 Westpac Consumer Confidence Index events in Australia, USDCAD may trend downwards for the next 4 hours. Based on these past events there is a 77.78% chance of this. This may happen because the released value is < 90 Historical events that allowed us to draw this conclusion

11 May 00:30
08 Mar 23:30
08 Feb 23:30
18 Jan 23:30
14 Dec 23:30
13 Oct 00:30
09 Jun 00:30

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

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S – a possible trend upwards with a 77.78% chance.

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