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We expect USDCAD to trend upwards today with a 75% chance.

Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 0.5%

Historical events that allowed us to draw this conclusion

06 Jun 01:30
07 Jun 01:30
01 Mar 00:30

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

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