Based on past Australia Westpac Consumer Confidence Index news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is > 93.5. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
11 Sep 00:30 |
15 May 00:30 |
12 Feb 23:30 |
11 Dec 23:30 |
13 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
