We expect USDCAD to trend upwards for the next 4 hours. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen because the released value is < A$ 13B. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 11:30	04 May 11:30
01 Apr 11:30

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