United Kingdom Unemployment Rate News Event – a possible $1,010 movement on AUDUSD

Based on the last 12 Unemployment Rate events in United Kingdom, we expect a $1,010 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend downwards for 48 hours because the released value is < 4.4% Historical events that allowed us to draw this conclusion

17 Aug 16:00
18 May 16:00
20 Apr 16:00
23 Mar 18:00
26 Jan 18:00

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