We expect AUDUSD to trend downwards for the next 48 hours. Based on these past Japan Unemployment Rate news events there is a 75% chance of this. We expect this to happen because the released value is < 2.8%. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion
29 Nov 23:30 |
29 Jul 23:30 |
29 Apr 23:30 |
29 Mar 23:30 |
28 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
