We expect USDCAD to trend downwards for the next 2 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen because the released value is = 0.75%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
03 Sep 04:30 |
02 Jul 04:30 |
04 Jun 04:30 |
02 Apr 03:30 |
05 Feb 03:30 |
04 Dec 03:30 |
06 Nov 03:30 |
04 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
