There is a 66.67% chance of AUDUSD trending downwards

Based on past Canada Inflation Rate YoY news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen because the released value is = 1.9%. A price movement of 41 pips is expected.

Historical events that allowed us to draw this conclusion

15 May 12:30
17 Apr 12:30

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

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