Based on past Canada Inflation Rate YoY news events there is a 66.67% chance of AUDUSD trending upwards. We expect this to happen if the released value is > 3.4%. A price movement of 38 pips is expected.

Historical events that allowed us to draw this conclusion

19 May 22:30	18 Feb 00:30
19 Nov 00:30	21 Oct 23:30

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