We expect USDCAD to trend downwards for the next 12 hours. Based on these past Australia Unemployment Rate news events there is a 83.33% chance of this. We expect this to happen because the released value is < 3.4%. A price movement of 70 pips is expected. Historical events that allowed us to draw this conclusion

18 Aug 11:30	17 Mar 11:30
20 Jan 11:30	16 Dec 11:30
14 Oct 11:30

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