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We expect AUDUSD to trend upwards right now.

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”).

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Important price line being approached by UK100. This price has been tested numerous times before.

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