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We expect a $200 movement on AUDUSD within the next 4 hours.

We expect a $200 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend downwards 4 hours following the Existing Home Sales events in United States release because the released value is > 5.37M. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

21 Aug 14:00
22 Mar 14:00
19 Dec 15:00
21 Nov 15:00

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

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We expect 6E to trend downwards today with a 80% chance.

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