We expect USDCAD to trend upwards for the next 48 hours. Based on these past Australia Unemployment Rate news events there is a 71.43% chance of this. We expect this to happen because the released value is < 3.5%. A price movement of 138 pips is expected. Historical events that allowed us to draw this conclusion
14 Jul 01:30 |
20 Jan 00:30 |
16 Dec 00:30 |
16 Sep 01:30 |
19 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
