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 85.71% chance of this. This may happen if the released value is > 19K
Historical events that allowed us to draw this conclusion
17 Nov 00:30 |
16 Jun 01:30 |
17 Mar 00:30 |
17 Feb 00:30 |
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”).
