Past performance is not an indicator of future results.
Based on past Australia Unemployment Rate news events there is a 75% chance of USDCAD trending upwards. We expect this to happen because the released value is < 5.1%. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
18 Oct 01:30 |
16 Aug 02:30 |
14 Jun 02:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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