We expect USDCAD to trend downwards later today. Based on these past Australia Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is > 5.3%. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jun 01:30 |
16 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
