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”).
