We expect CL to trend downwards for the next 48 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 71.43% chance of this. We expect this to happen because the released value is = 4.1%. A price movement of 539 pips is expected.
Historical events that allowed us to draw this conclusion
04 Apr 04:30 |
07 Mar 03:30 |
06 Sep 04:30 |
02 Aug 04:30 |
05 Jul 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
