USDCAD will trend downwards right now

Past performance is not an indicator of future results.
We expect USDCAD to trend downwards for the next 2 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen because the released value is = 1.5%. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

05 Feb 03:30
04 Dec 03:30
06 Nov 03:30
04 Sep 05:30
07 Aug 05:30
03 Jul 05:30
05 Jun 05:30
03 Apr 05:30

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

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