20 pip movement on USDCAD expected

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Australia, we expect a 20 pip movement on USDCAD for the next 12 hours. We expect USDCAD to trend upwards for 12 hours because the released value is > A$2.3B

Historical events that allowed us to draw this conclusion

06 Sep 02:30

02 Aug 02:30

03 May 02:30

05 Apr 02:30

08 Mar 00:30

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

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