Based on past Australia RBA Interest Rate Decision news events there is a 66.67% chance of USDCAD trending downwards. We expect this to happen if the released value is = 3.1%. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

01 Nov 14:30	05 Jul 14:30
05 Apr 14:30	01 Mar 14:30
01 Feb 14:30	07 Dec 14:30

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