What to trade around Canada Inflation Rate YoY news event

Past performance is not an indicator of future results.
Based on the last 12 Inflation Rate YoY events in Canada, we expect AUDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for the next 48 hours because the released value is < 1.5%. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

19 Dec 13:30
19 Oct 13:30
22 Jun 13:30
20 Apr 13:30

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

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