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 75% chance of this. This may happen if the released value is < A$11B Historical events that allowed us to draw this conclusion

04 May 11:30	01 Apr 11:30
07 Jan 11:30

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