Based on the last 12 Balance of Trade events in Australia, we may expect USDCAD to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because the released value is < A$5.9B. A price movement of 151 pips may be experienced. Historical events that allowed us to draw this conclusion
03 Apr 00:30 |
07 Nov 00:30 |
04 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
