We expect AUDUSD to trend upwards later today. Based on these past Canada GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen if the released value is < 1%. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
31 May 12:30 |
01 Jun 12:30 |
01 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
