Based on the last 12 RBA Interest Rate Decision events in Australia, we expect USDCAD to trend upwards. Based on these past events there is a 72.73% chance of this. We expect USDCAD to trend upwards for 2 hours because the released value is = 0.25%. A price movement of 55 pips is expected.

Historical events that allowed us to draw this conclusion

01 Sep 14:30	07 Jul 14:30
03 Dec 14:30	01 Oct 14:30

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