Based on the last 12 NAB Business Confidence events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 09 Jun 01:30 if the released value is > -32. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

12 May 01:30

12 Nov 00:30

13 Aug 01:30