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There is a 75% chance of 6J trending upwards

Based on past Australia Retail Sales MoM news events there is a 75% chance of 6J trending upwards. We expect this to happen if the released value is > -2.7%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

04 Nov 00:30
02 Oct 01:30
04 Aug 01:30
03 Jul 01:30
04 Jun 01:30
06 May 01:30

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

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