Based on the last 12 Unemployment Rate events in Germany, we expect AUDUSD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards for the next 2 hours because the released value is < 5.1%. A price movement of 21 pips is expected. Historical events that allowed us to draw this conclusion
01 Feb 08:55 |
04 Jan 08:55 |
29 Jul 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
