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We expect BO to trend upwards today with a 80% chance.

Based on the last 12 Adp Employment Change events in United States, we expect BO to trend upwards later today. Based on these past events there is a 80% chance of this. We expect BO to trend upwards 48 hours following the event release at 02 Feb 13:15 if the released value is < 207K. A price movement of 316 pips is expected. Historical events that allowed us to draw this conclusion

01 Sep 12:15
05 May 12:15
31 Mar 12:15
03 Mar 13:15

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

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After testing 0.7155 numerous times, AUD/USD is once again approaching this price point. Can we expect a bullish trend to follow?

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