Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect AUDUSD to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 31 Aug 22:30 if the released value is > 0.6%. A price movement of 52 pips is expected.

Historical events that allowed us to draw this conclusion

03 Mar 00:30	28 Aug 22:30
29 May 22:30	30 Nov 00:30
30 Aug 22:30	01 Dec 00:30

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