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We could see AUDUSD trend upwards right now.

Based on the last 12 Industrial Production YoY events in Euro Area, we could see AUDUSD trend upwards right now. Based on historical events there is a 71.43% chance of this. This may happen because the released value is > -1%

Historical events that allowed us to draw this conclusion

20 Apr 09:00
16 Feb 10:00
12 Nov 10:00
13 Oct 09:00
15 Sep 09:00

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

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We could see a 5,562 pip movement on NQ within 2 hours following this event release.

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After testing 32534.0000 numerous times, US30 is once again approaching this price point. Can we expect a bullish trend to follow?

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