Based on the last 12 RBA Interest Rate Decision events in Australia, we could see USDCAD trend upwards right now. Based on historical events there is a 75% chance of this. This may happen because the released value is = 4.35%
Historical events that allowed us to draw this conclusion
05 Dec 03:30 |
07 Nov 03:30 |
03 Oct 03:30 |
05 Sep 04:30 |
04 Apr 04:30 |
07 Mar 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
