We expect a $500 movement on AUDUSD within 12 hours following the release of GDP Growth Rate QoQ Final at 2023-03-31 06:00. We expect AUDUSD to trend upwards 12 hours following the event release at 2023-03-31 06:00 if the released value is > 0%. A price movement of 50 pips is expected.
Historical events that allowed us to draw this conclusion
31 Mar 06:00 |
30 Sep 06:00 |
31 Mar 06:00 |
30 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
