Based on the last 12 RBA Interest Rate Decision events in Australia, we expect USDCAD to trend downwards later today. Based on these past events there is a 72.73% chance of this. This may happen if the released value is = 0.25%

Historical events that allowed us to draw this conclusion

05 May 14:30	19 Mar 14:30
04 Feb 14:30	05 Nov 14:30
01 Oct 14:30	03 Sep 14:30
02 Jul 14:30	04 Jun 14:30

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