We expect AUDUSD to trend upwards right now.

Based on the last 12 Unemployment Change events in Germany, we expect AUDUSD to trend upwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards for the next 4 hours because the released value is < 2K. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

30 Apr 07:55

01 Mar 08:55

04 Jan 08:55

29 Nov 08:55

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