Trade with an edge around todays Euro Area Unemployment Rate news event

We expect a $420 movement on AUDUSD within the next 12 hours. We expect AUDUSD to trend downwards 12 hours following the Unemployment Rate events in Euro Area release because the released value is = 6.6%. A price movement of 42 pips is expected.

Historical events that allowed us to draw this conclusion

01 Sep 19:00
01 Aug 19:00
01 Jun 19:00
10 Jan 21:00
02 Dec 21:00

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