We expect USDCAD to trend upwards later today. Based on these past Australia RBA Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0.1%. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

02 Nov 14:30	05 Oct 14:30
07 Sep 14:30	03 Aug 14:30
06 Jul 14:30	01 Jun 14:30
04 May 14:30	02 Mar 14:30

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