20 pip movement on AUDUSD expected

Based on the last 12 Unemployment Rate events in France, we expect a 20 pip movement on AUDUSD within 12 hours following the event release at 19 Nov 17:30 GMT+11. We expect AUDUSD to trend downwards 12 hours following the event release at 19 Nov 17:30 GMT+11 if the released value is > 7.8%

Historical events that allowed us to draw this conclusion

10 Nov 17:30
14 Nov 17:30

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