Based on the last 12 Balance of Trade events in Australia, a $110.601 movement could occur on USDCAD within 2 hours following the event release at 02 Jun 01:30. We expect USDCAD to trend downwards 2 hours following the event release at 02 Jun 01:30 if the released value is < A$9.3B Historical events that allowed us to draw this conclusion
07 Apr 01:30 |
03 Feb 00:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
