Based on past Australia Unemployment Rate news events there is a 80% chance of USDCAD trending upwards. We expect this to happen if the released value is < 3.6%. A price movement of 76 pips is expected. Historical events that allowed us to draw this conclusion
18 Aug 01:30 |
14 Jul 01:30 |
20 Jan 00:30 |
16 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
