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There is a 66.67% chance of CL trending upwards

Based on past Australia RBA Interest Rate Decision news events there is a 66.67% chance of CL trending upwards. We expect this to happen because the released value is = 0.1%. A price movement of 128 pips is expected.

Historical events that allowed us to draw this conclusion

01 Jun 04:30
04 May 04:30
06 Apr 04:30
02 Mar 03:30
02 Feb 03:30
03 Nov 03:30
06 Oct 03:30
01 Sep 04:30

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

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