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We expect AUDUSD to trend downwards today with a 75% chance.

We expect AUDUSD to trend downwards later today. Based on these past United States Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is > 3.7%. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

05 Jul 12:30
01 Feb 13:30
07 Sep 12:30

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

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We expect a $80 movement on NZDUSD within 12 hours following the release of Unemployment Rate.

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