Euro Area Unemployment Rate News Event – a $800 opportunity on AUDUSD

We expect a $800 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend upwards 48 hours following the Unemployment Rate events in Euro Area release because the released value is = 8.4%. A price movement of 80 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 21:00
03 Mar 21:00
09 Jan 21:00
29 Nov 21:00

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