Based on the last 12 Employment Change events in Australia, we expect USDCAD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 48.5K

Historical events that allowed us to draw this conclusion

15 Dec 11:30	17 Nov 11:30
16 Jun 11:30	17 Mar 11:30

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