Based on the last 12 Employment Change events in Canada, we expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 10 Jul 22:30 if the released value is > 700K. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

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”).