Based on the last 12 Unemployment Rate events in Euro Area, we expect AUDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards 12 hours following the event release at 03 Mar 21:00 if the released value is = 7.4%. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jan 21:00	29 Nov 21:00
31 Jul 19:00	01 Apr 20:00

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