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We expect a $170 movement on AUDUSD within the next 4 hours.

Based on the last 12 Ivey PMI s.a events in Canada, we could see a $170 movement on AUDUSD within the next 4 hours. We may see AUDUSD trend upwards for 4 hours because the released value is > 55

Historical events that allowed us to draw this conclusion

05 Oct 14:00
07 Sep 14:00
06 Apr 14:00
06 Feb 15:00

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

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