Australia Employment Change News Event – a possible $730 movement on GBPUSD

Based on the last 12 Employment Change events in Australia, we expect a $730 movement on GBPUSD within 48 hours following the event release at 19 Mar 11:30. We expect GBPUSD to trend upwards 48 hours following the event release at 19 Mar 11:30 if the released value is < 10K Historical events that allowed us to draw this conclusion

14 Nov 11:30
17 Oct 11:30
18 Jul 11:30

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