Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a $295 movement on USDCAD within 12 hours following the event release at 2023-06-06 14:30. We expect USDCAD to trend downwards 12 hours following the event release at 2023-06-06 14:30 if the released value is > 3.85%

Historical events that allowed us to draw this conclusion

07 Jun 14:30

03 May 14:30

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