Based on the last 12 Inflation Rate YoY events in Canada, we could see a $190 movement on AUDUSD within the next 12 hours. We may see AUDUSD trend downwards for 12 hours because the released value is > 3.8%
Historical events that allowed us to draw this conclusion
15 Aug 12:30 |
16 May 12:30 |
19 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
