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 71.43% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 08 Feb 23:30 if the released value is < 102. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

18 Jan 23:30

14 Dec 23:30

13 Oct 00:30

11 Aug 00:30

09 Jun 00:30