Based on past Australia RBA Interest Rate Decision news events there is a 75% chance of DX trending upwards. We expect this to happen if the released value is = 0.1%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
06 Jul 04:30 |
01 Jun 04:30 |
04 May 04:30 |
06 Apr 04:30 |
02 Mar 03:30 |
02 Feb 03:30 |
06 Oct 03:30 |
01 Sep 04:30 |
07 Jul 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
