Based on past Japan Consumer Confidence news events there is a 80% chance of AUDUSD trending downwards. We expect this to happen because the released value is < 39.8. A price movement of 77 pips is expected. Historical events that allowed us to draw this conclusion
02 Dec 05:00 |
30 Apr 05:00 |
29 Jan 05:00 |
06 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
