Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 09 Feb 23:30 if the released value is > 108. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

09 Dec 01:30

10 Jun 00:30

13 May 00:30

11 Feb 23:30