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We expect AUDUSD to trend downwards for the next 48 hours.

We expect AUDUSD to trend downwards for the next 48 hours. Based on these past Japan Unemployment Rate news events there is a 75% chance of this. We expect this to happen because the released value is < 2.8%. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion

29 Nov 23:30
29 Jul 23:30
29 Apr 23:30
29 Mar 23:30
28 Jan 23:30

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

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