We expect a $546.69 movement on USDCAD within 12 hours following the release of Westpac Consumer Confidence Index at 11 Mar 10:30. We expect USDCAD to trend upwards 12 hours following the event release at 11 Mar 10:30 if the released value is > 94.7. A price movement of 75 pips is expected.

Historical events that allowed us to draw this conclusion

13 Nov 10:30	11 Sep 10:30
14 Aug 10:30	15 May 10:30
10 Apr 10:30

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