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Based on the last 12 Balance of Trade events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 2023-08-03 01:30 if the released value is > A$11B. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
|06 Jul 01:30
|06 Apr 01:30
|12 Jan 00:30
|08 Dec 00:30
|04 Aug 01:30
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