Why you should close your AUDUSD positions today

Be very careful of upcoming volatility because of Australia Employment Change news event later today. Based on the last 12 Employment Change events in Australia, we expect a $180 movement on AUDUSD within 48 hours following the event release at 20 Dec 00:30. We expect this to happen if the released value is > 20K. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

13 Sep 02:30
17 Maggio 02:30
15 Feb 00:30
14 Dec 00:30

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

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