Based on the last 12 Employment Change events in Australia, we expect USDCAD to trend upwards. Based on these past events there is a 77.78% chance of this. We expect USDCAD to trend upwards for 12 hours because the released value is > -30K. A price movement of 114 pips is expected.

Historical events that allowed us to draw this conclusion

15 Oct 11:30	17 Sep 11:30
16 Jul 11:30	19 Mar 11:30
20 Feb 11:30	23 Jan 11:30
19 Dec 11:30

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