Based on the last 12 NAB Business Confidence events in Australia, we expect a 21 pip movement on USDCAD within 2 hours following the event release at 12 Apr 01:30 UTC. We expect USDCAD to trend upwards 2 hours following the event release at 12 Apr 01:30 UTC if the released value is < 2 Historical events that allowed us to draw this conclusion

25 Jan 00:30

10 Aug 01:30

13 Jul 01:30

08 Jun 01:30

13 Apr 01:30