Australia NAB Business Confidence News Event – a possible $94.916 movement on USDCAD

Based on the last 12 NAB Business Confidence events in Australia, we expect a $94.916 movement on USDCAD within 2 hours following the event release at 14 Sep 01:30. We expect USDCAD to trend downwards 2 hours following the event release at 14 Sep 01:30 if the released value is > -13

Historical events that allowed us to draw this conclusion

09 Mar 00:30
09 Feb 00:30
08 Dec 00:30
10 Nov 00:30
05 Oct 00:30