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

Based on the last 12 Unemployment Rate events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 14 Nov 00:30 if the released value is < 5.3%. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion

17 Oct 00:30
21 Mar 00:30
24 Jan 00:30

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

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After testing 0.6850 numerous times, AUD/USD is once again approaching this price point. Can we expect a bullish trend to follow?

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We expect a $0.028 movement on AC within 4 hours following the release of Unemployment Rate.

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