Trade with an edge around todays Euro Area GDP Growth Rate QoQ 2nd Est news event

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a $410 movement on AUDUSD within 4 hours following the event release at 2023-02-14 21:00. We expect AUDUSD to trend downwards 4 hours following the event release at 2023-02-14 21:00 if the released value is = 0.1%

Historical events that allowed us to draw this conclusion

15 Nov 21:00
16 Nov 21:00
17 Aug 19:00
18 May 19:00
14 Aug 19:00
15 May 19:00

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