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We expect USDCAD to trend downwards today with a 71.43% chance.

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”).

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We expect a $664 movement on KC within 2 hours following the release of Unemployment Rate.

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Important price line being approached by USD/CAD. This price has been tested numerous times before.

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