Based on the last 12 RBA Interest Rate Decision events in Australia, we could see a $423 movement on USDCAD within the next 12 hours. We may see USDCAD trend downwards for 12 hours because the released value is = 3.6%
Historical events that allowed us to draw this conclusion
12 Aug 04:30 |
20 May 04:30 |
01 Apr 04:30 |
18 Feb 03:30 |
05 Nov 03:30 |
24 Sep 04:30 |
06 Aug 04:30 |
18 Jun 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
