Based on past Australia Balance of Trade news events there is a 80% chance of USDCAD trending upwards. We expect this to happen if the released value is > A$10B. A price movement of 48 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jun 01:30 |
04 Mar 00:30 |
03 Dec 00:30 |
05 Nov 00:30 |