Euro Area Unemployment Rate News Event – a possible $370 movement on AUDUSD

Based on the last 12 Unemployment Rate events in Euro Area, we expect a $370 movement on AUDUSD within the next 12 hours. We expect AUDUSD to trend upwards for 12 hours because the released value is = 7.3%

Historical events that allowed us to draw this conclusion

03 Nov 21:00
30 Sep 19:00
01 Sep 19:00
02 Dec 21:00

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