Based on the last 12 Retail Sales MoM events in Australia, we expect a $68.13 movement on USDCAD within 2 hours following the event release at 02 Aug 01:30. We expect USDCAD to trend downwards 2 hours following the event release at 02 Aug 01:30 if the released value is > 0.3%
Historical events that allowed us to draw this conclusion
07 May 01:30 |
03 Apr 00:30 |
11 Jan 00:30 |
03 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
