France Unemployment Rate News Event – a possible $40 movement on AUDUSD

Based on the last 12 Unemployment Rate events in France, we expect a $40 movement on AUDUSD within 2 hours following the event release at 18 Feb 06:30. We expect AUDUSD to trend downwards 2 hours following the event release at 18 Feb 06:30 if the released value is > 7.8%

Historical events that allowed us to draw this conclusion

19 Nov 06:30
13 Aug 05:30
14 Nov 06:30