Based on the last 12 Retail Sales MoM 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 05 Feb 00:30 if the released value is > -4.2%. A price movement of 91 pips is expected.

Historical events that allowed us to draw this conclusion

04 Nov 00:30

02 Oct 01:30

03 Jul 01:30

04 Jun 01:30

03 Apr 00:30

11 Jan 00:30