Based on the last 12 Ivey PMI s.a events in Canada, we expect a 18 pip movement on AUDUSD within 2 hours following the event release at 07 Nov 02:00 GMT+11. We expect AUDUSD to trend downwards 2 hours following the event release at 07 Nov 02:00 GMT+11 if the released value is < 51.5 Historical events that allowed us to draw this conclusion

08 Oct 01:00	08 Apr 00:00
08 Jan 02:00	07 Nov 02:00

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