We expect a $715 movement on USDCAD within the next 48 hours. We expect USDCAD to trend downwards 48 hours following the NAB Business Confidence events in Australia release because the released value is > 5. A price movement of 93 pips is expected.

Historical events that allowed us to draw this conclusion

12 Apr 11:30	08 Mar 11:30
12 Oct 11:30	14 Sep 11:30

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