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AU Unemployment Rate News Event – a $92.15 opportunity on USDCAD

AU Unemployment Rate News Event – a $92.15 opportunity on USDCAD

We expect a $92.15 movement on USDCAD within the next 4 hours.
We expect USDCAD to trend down 4 hours following the Unemployment Rate events in AU release because the released value is < 5.3%. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

16 Aug 01:30
 
14 Jun 01:30
 
16 Nov 00:30
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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