Euro Area Unemployment Rate News Event – a possible $130 movement on AUDUSD

Based on the last 12 Unemployment Rate events in Euro Area, we expect a $130 movement on AUDUSD within 2 hours following the event release at 08 Jan 10:00. We expect AUDUSD to trend downwards 2 hours following the event release at 08 Jan 10:00 if the released value is < 8.5% Historical events that allowed us to draw this conclusion

02 Jul 09:00
03 Jun 09:00
01 Apr 09:00
30 Jan 10:00