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 80% chance of this. We expect USDCAD to trend upwards 4 hours following the event release at 2024-11-05 03:30 if the released value is = 4.35%. A price movement of 52 pips is expected.
Historical events that allowed us to draw this conclusion
06 Aug 04:30 |
18 Jun 04:30 |
07 May 04:30 |
19 Mar 03:30 |
05 Dec 03:30 |
07 Nov 03:30 |
03 Oct 03:30 |
05 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
