Based on the last 12 Balance of Trade events in Australia, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > A$11.1B
Historical events that allowed us to draw this conclusion
12 Jan 00:30 |
08 Dec 00:30 |
03 Nov 00:30 |
07 Jul 01:30 |
02 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
