Based on the last 12 Balance of Trade events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < A$6.2B Historical events that allowed us to draw this conclusion
03 Jul 01:30 |
05 Jun 01:30 |
03 Apr 00:30 |
06 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
