63 pip movement on USDCAD expected

Past performance is not an indicator of future results.
Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a 63 pip movement on USDCAD for the next 48 hours. We expect USDCAD to trend upwards for 48 hours because the released value is = 1.5%

Historical events that allowed us to draw this conclusion

04 Dec 03:30

06 Nov 03:30

02 Oct 05:30

04 Sep 05:30

07 Aug 05:30

05 Jun 05:30

01 May 05:30

06 Feb 03:30

05 Dec 03:30

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

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