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Trade with an edge around todays AU RBA Interest Rate Decision news event

Trade with an edge around todays AU RBA Interest Rate Decision news event

Based on past AU RBA Interest Rate Decision news events there is a 75.0% of USDCAD trending down
We expect this to happen if the released value is = 1.5%. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

02 Apr 03:30
 
05 Feb 03:30
 
04 Dec 03:30
 
06 Nov 03:30
 
04 Sep 04:30
 
07 Aug 04:30
 
03 Jul 04:30
 
05 Jun 04:30
 
03 Apr 04:30
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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