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We expect USDCAD to trend downwards today with a 80% chance.

We expect USDCAD to trend downwards later today. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is < 7.1%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 09:00
01 Jun 09:00
30 Apr 09:00
04 Mar 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect AUDUSD to trend upwards today with a 66.67% chance.

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AUD/USD is approaching 0.7185. We expect either a breakout through this line, or a rebound.

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