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There is a 66.67% chance of 6J trending downwards

Based on past Australia RBA Interest Rate Decision news events there is a 66.67% chance of 6J trending downwards. A price movement of 0 could occur if the released value is = 0.25%.

Historical events that allowed us to draw this conclusion

05 Apr 04:30
07 Dec 03:30
05 Oct 03:30
07 Sep 04:30
03 Aug 04:30
01 Jun 04:30
04 May 04:30
06 Apr 04:30

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

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US30 is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 2 days.

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We could see a 81 pip movement on FV within 48 hours following this event release.

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