We expect EURUSD to trend downwards for the next 48 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 70% chance of this. We expect this to happen because the released value is = 2.85%. A price movement of 237 pips is expected.
Historical events that allowed us to draw this conclusion
02 Aug 04:30 |
05 Jul 04:30 |
05 Apr 04:30 |
01 Mar 03:30 |
05 Oct 03:30 |
07 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
