Based on the last 12 Balance of Trade events in Australia, we expect a 48 pip movement on USDCAD for the next 2 hours. We expect USDCAD to trend upwards for 2 hours because the released value is > A$10.2B

Historical events that allowed us to draw this conclusion

03 Jun 01:30

04 Mar 00:30

03 Dec 00:30

05 Nov 00:30