Based on past Australia Employment Change news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is > -40K. A price movement of 114 pips is expected.

Historical events that allowed us to draw this conclusion

19 Mar 11:30	20 Feb 11:30
23 Jan 11:30	19 Dec 11:30
15 Aug 11:30	18 Apr 11:30

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