Based on the last 12 Balance of Trade events in Australia, we could see a 29 pip movement on USDCAD for the next 12 hours. USDCAD could trend upwards for 12 hours because the released value is > A$5.750B
Historical events that allowed us to draw this conclusion
03 Oct 01:30 |
05 Sep 01:30 |
01 Aug 01:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
