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We expect 6E to trend downwards today.

Based on the last 12 Employment Change events in Australia, we expect 6E to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect 6E to trend downwards 4 hours following the event release at 17 Dec 00:30 if the released value is > 50K. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

17 Sep 01:30
16 Jul 01:30
16 Apr 01:30
19 Mar 00:30
20 Feb 00:30
23 Jan 00:30

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

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