11 pip movement on USDCAD expected

Based on the last 12 Unemployment Rate events in Australia, we expect a 11 pip movement on USDCAD within 12 hours following the event release at 20 Dec 00:30 GMT. We expect USDCAD to trend downwards 12 hours following the event release at 20 Dec 00:30 GMT if the released value is > 5%

Historical events that allowed us to draw this conclusion

22 Mar 00:30
18 Jan 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

Tradez Maintenant