Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect USDCAD to trend downwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is > 110

Historical events that allowed us to draw this conclusion

09 Dec 12:30	14 Oct 10:30
09 Sep 10:30	10 Jun 10:30
13 May 10:30

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