Based on the last 12 NAB Business Confidence events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is < -15 Historical events that allowed us to draw this conclusion

10 Mar 12:00	28 Jan 11:30
08 Oct 11:30	14 May 11:30
01 Apr 11:30

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