Canada Employment Change News Event – a possible $610 movement on AUDUSD

Based on the last 12 Employment Change events in Canada, we expect a $610 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend upwards for 4 hours because the released value is < 100K Historical events that allowed us to draw this conclusion

04 Jun 22:30
07 May 22:30
06 Feb 00:30
09 Jan 00:30
07 Nov 00:30

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