Based on the last 12 Westpac Consumer Confidence Index events in Australia, we could expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 15 Jun 10:30 if the released value is < 90. A price movement of 16 pips could result. Historical events that allowed us to draw this conclusion

11 May 10:30	09 Mar 10:30
19 Jan 10:30	15 Dec 10:30
13 Oct 11:30	09 Jun 10:30

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