Based on the last 12 RBA Interest Rate Decision events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 77,78% chance of this. This may happen if the released value is = 3.6%
Historical events that allowed us to draw this conclusion
07 Mar 03:30 |
07 Feb 03:30 |
06 Dec 03:30 |
01 Nov 03:30 |
06 Sep 04:30 |
05 Jul 04:30 |
05 Apr 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
