Based on the last 12 NAB Business Confidence 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 < 14 Historical events that allowed us to draw this conclusion

13 Jul 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”).