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We expect USDCAD to trend upwards later today. Based on these past Australia Balance of Trade news events there is a 80% chance of this. We expect this to happen if the released value is < A$6.2B. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion
03 Jul 01:30 |
05 Jun 01:30 |
03 Apr 00:30 |
06 Feb 00:30 |
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