Based on the last 12 NAB Business Confidence events in Australia, we expect a $272.27 movement on USDCAD within 4 hours following the event release at 10 May 11:30. We expect USDCAD to trend upwards 4 hours following the event release at 10 May 11:30 if the released value is < 18 Historical events that allowed us to draw this conclusion

13 Apr 11:30

27 Jan 11:30

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