Based on the last 12 NAB Business Confidence events in Australia, we expect a 26 pip movement on USDCAD within 2 hours following the event release at 14 Sep 11:30 GMT+10. We expect USDCAD to trend upwards 2 hours following the event release at 14 Sep 11:30 GMT+10 if the released value is < -13 Historical events that allowed us to draw this conclusion

10 Aug 11:30	08 Jun 11:30
13 Apr 11:30	27 Jan 11:30

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