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”).
