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We expect a $0 movement on 6A within 4 hours following the event release at 04 Nov 00:30.

Based on the last 12 Retail Sales MoM events in Australia, we expect a $0 movement on 6A within 4 hours following the event release at 04 Nov 00:30. We expect 6A to trend upwards 4 hours following the event release at 04 Nov 00:30 if the released value is > -1.5%

Historical events that allowed us to draw this conclusion

04 Aug 01:30
04 Jun 01:30
06 May 01:30
03 Apr 00:30
11 Jan 00:30

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

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Support line breached by Silver DECEMBER 2020. This price has been tested at least twice before.

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We expect a 0 pip movement on 6M within 12 hours following the event release.

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