What to trade around Australia Retail Sales MoM news event

Past performance is not an indicator of future results.
Based on the last 12 Retail Sales MoM events in Australia, we expect USDCAD to trend upwards right now. Based on these past events there is a 80% chance of this. We expect USDCAD to trend upwards for the next 2 hours because the released value is < 0.3%. A price movement of 4 pips is expected.

Historical events that allowed us to draw this conclusion

05 Feb 00:30

02 Nov 00:30

08 May 02:30

06 Mar 00:30

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

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