Based on the last 12 Unemployment Rate events in Australia, we expect USDCAD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCAD to trend downwards 4 hours following the event release at 2022-07-14 01:30 if the released value is < 3.8%. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion
17 Mar 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”).
