Canada Ivey PMI s.a News Event – a possible $180 movement on AUDUSD

Based on the last 12 Ivey PMI s.a events in Canada, we expect a $180 movement on AUDUSD within 2 hours following the event release at 07 Aug 14:00. We expect AUDUSD to trend downwards 2 hours following the event release at 07 Aug 14:00 if the released value is < 57.5 Historical events that allowed us to draw this conclusion

07 Apr 14:00
07 Jan 15:00
06 Nov 15:00
04 Oct 14:00