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We expect USDCAD to trend upwards for the next 12 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$5B. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jun 01:30 |
05 Oct 00:30 |
03 Aug 01:30 |
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