We expect a 203 pip movement on USDCAD within 48 hours following the event release.

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”).