We expect AUDUSD to trend upwards later today. Based on these past Canada Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is < 4.3%. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion

28 Jul 22:30	21 Apr 22:30
21 Jan 00:30

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