Based on past Australia Westpac Consumer Confidence Index news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen if the released value is < 82.1. A price movement of 56 pips is expected. Historical events that allowed us to draw this conclusion
13 Mar 23:30 |
07 Nov 23:30 |
09 Aug 00:30 |
15 Jun 00:30 |
11 May 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
