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We expect 6A to trend downwards today.

Based on the last 12 Employment Change events in Australia, we expect 6A to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect 6A to trend downwards 2 hours following the event release at 23 Jan 00:30 if the released value is > 15K. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 01:30
13 Jun 01:30
16 May 01:30
21 Feb 00:30
24 Jan 00:30

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

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