Based on the last 12 Employment Change events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend upwards 4 hours following the event release at 2023-03-16 00:30 if the released value is > 48.5K. A price movement of 25 pips is expected.
Historical events that allowed us to draw this conclusion
15 Dec 00:30 |
17 Nov 00:30 |
16 Jun 01:30 |
17 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
