We expect a $310 movement on AUDUSD within 12 hours following the release of Consumer Confidence at 2022-11-01 08:00. We expect AUDUSD to trend downwards 12 hours following the event release at 2022-11-01 08:00 if the released value is > -48.3. A price movement of 31 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 07:00 |
04 Feb 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
