We expect AUDUSD to trend upwards later today. Based on these past Canada BoC Interest Rate Decision news events there is a 70% chance of this. We expect this to happen if the released value is = 4.5%. A price movement of 125 pips is expected.

Historical events that allowed us to draw this conclusion

08 Dec 02:00	08 Sep 00:00
02 Jun 00:00	03 Mar 02:00
09 Dec 02:00	28 Oct 01:00
09 Sep 00:00

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