116 pip movement on AUDUSD expected

We expect AUDUSD to trend downwards later today. Based on these past United States Adp Employment Change news events there is a 71.43% chance of this. We expect this to happen if the released value is > 200K. A price movement of 116 pips is expected.

Historical events that allowed us to draw this conclusion

31 Aug 22:15
30 Mar 23:15
06 Jan 00:15
02 Dec 00:15
03 Nov 23:15

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