Based on past Canada Ivey PMI s.a news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen if the released value is < 43. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion
08 Jan 02:00 |
07 Nov 02:00 |
05 Oct 00:00 |
06 Jul 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).