Based on the last 12 NAB Business Confidence events in Australia, USDCAD may trend upwards for the next 4 hours. Based on these past events there is a 83.33% chance of this. This may happen because the released value is < 12 Historical events that allowed us to draw this conclusion

25 Jan 11:30	10 Aug 11:30
13 Jul 11:30	08 Jun 11:30
13 Apr 11:30

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