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We expect USDCAD to trend upwards later today. Based on these past Australia Employment Change news events there is a 80% chance of this. We expect this to happen if the released value is > 48.5K. A price movement of 128 pips is expected.
Historical events that allowed us to draw this conclusion
15 Dec 00:30 |
17 Nov 00:30 |
14 Jul 01:30 |
16 Jun 01:30 |
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