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We expect EURUSD to trend upwards right now.

Based on the last 12 Employment Change events in Australia, we expect EURUSD to trend upwards right now. Based on these past events there is a 75% chance of this. This will happen because the released value is > 14K

Historical events that allowed us to draw this conclusion

13 Jun 01:30
16 May 01:30
18 Apr 01:30
21 Feb 00:30
24 Jan 00:30
15 Nov 00:30

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

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