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There is a 71.43% chance of AUDUSD trending downwards

We expect AUDUSD to trend downwards for the next 4 hours. Based on these past Euro Area Unemployment Rate news events there is a 71.43% chance of this. We expect this to happen because the released value is = 6.6%. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

10 Jan 10:00
02 Dec 10:00
03 Nov 10:00
30 Sep 09:00
01 Sep 09:00

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

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