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Want to know why AUDUSD is going down today?

Want to know why AUDUSD is going down today?

Based on the last 12 Unemployment Rate events in CA, we expect a $100 movement on AUDUSD within 2 hours following the event release at 02 Nov 12:30.
We expect AUDUSD to trend down 2 hours following the event release at 02 Nov 12:30 if the released value is > 5.9%

Historical events that allowed us to draw this conclusion

07 Sep 12:30
 
06 Jul 12:30
 
03 Nov 12:30
 

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

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