Australia Employment Change News Event – a possible $2976 movement on USDCHF

Based on the last 12 Employment Change events in Australia, we expect USDCHF to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 2022-12-15 11:30 if the released value is > 19K. A price movement of 283 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jul 11:30
16 Jun 11:30
17 Mar 11:30
17 Feb 11:30
20 Jan 11:30
16 Dec 11:30

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