85.71% probability that NZDUSD may trend upwards

Based on the last 12 Employment Change events in Canada, we expect NZDUSD to trend upwards later today. Based on these past events there is a 85.71% chance of this. This may happen if the released value is > 700K

Historical events that allowed us to draw this conclusion

05 Jun 22:30
08 May 22:30
07 Mar 00:30
11 Jan 00:30
11 Oct 23:30
06 Sep 22:30

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