We expect USDCAD to trend downwards for the next 2 hours. Based on these past Australia Unemployment Rate news events there is a 85.71% chance of this. We expect this to happen because the released value is < 3.8%. A price movement of 15 pips is expected. Historical events that allowed us to draw this conclusion
17 Mar 00:30 |
20 Jan 00:30 |
16 Dec 00:30 |
16 Sep 01:30 |
19 Aug 01:30 |
15 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
