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AUDUSD may be ready to trend upwards today with a 66.67% chance.

Based on the last 12 Inflation Rate YoY events in United Kingdom, AUDUSD may trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 9.1%

Historical events that allowed us to draw this conclusion

23 Mar 07:00
16 Feb 07:00
19 Jan 07:00
15 Dec 07:00
14 Jul 06:00
16 Jun 06:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We could see a 680 pip movement on PL within 2 hours following this event release.

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After testing 1.2156 numerous times, GBP/USD is once again approaching this price point. Can we expect a bearish trend to follow?

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