We expect a $156.974 movement on USDCAD within 4 hours following the release of NAB Business Confidence at 09 Feb 11:30. We expect USDCAD to trend downwards 4 hours following the event release at 09 Feb 11:30 if the released value is > 5. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

08 Dec 11:30	10 Nov 11:30
05 Oct 11:30	14 Jul 11:30
12 May 11:30

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