Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could see a $440 movement on AUDUSD within the next 12 hours. We may see AUDUSD trend downwards for 12 hours because the released value is > 70
Historical events that allowed us to draw this conclusion
08 Dec 15:00 |
11 Aug 14:00 |
14 Jul 14:00 |
16 Jun 14:00 |
14 Apr 14:00 |
10 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
