Based on past Australia RBA Interest Rate Decision news events there is a 72.73% chance of USDCAD trending upwards. We expect this to happen if the released value is = 0.25%. A price movement of 55 pips is expected.

Historical events that allowed us to draw this conclusion

07 Jul 14:30	03 Dec 14:30
01 Oct 14:30	06 Aug 14:30

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