Based on the last 12 Inflation Rate YoY events in Canada, we may expect AUDUSD to trend downwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because because the released value is > 2.9%. A price movement of 19 pips may be experienced.
Historical events that allowed us to draw this conclusion
19 Sep 12:30 |
16 May 12:30 |
21 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
