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We expect a $199 movement on USDCAD within 12 hours following the event release at 2023-01-16 23:30.

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 12 hours following the event release at 2023-01-16 23:30 if the released value is > 78.4. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

10 Oct 23:30
13 Apr 00:30

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

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There is a 66.67% chance of CL trending downwards

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D’après les derniers 12 événements Westpac Indice De Confiance Des Consommateurs en Australie, nous prévoyons que AUDUSD ira à la baisse plus tard dans la journée. Basé sur ces derniers événements, cela arrivera avec une probabilité de 66,67%.

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