We expect AUDUSD to trend downwards later today. Based on these past Canada Ivey PMI s.a news events there is a 66.67% chance of this. We expect this to happen if the released value is < 53. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
05 Jul 14:00 |
06 Mar 15:00 |
06 Feb 15:00 |
04 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
