Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $174.977 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards for 4 hours because the released value is > 98
Historical events that allowed us to draw this conclusion
15 May 00:30 |
12 Feb 23:30 |
11 Dec 23:30 |
13 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
