We expect a $1030 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend downwards 48 hours following the Ifo Business Climate events in Germany release because the released value is < 89.3. A price movement of 103 pips is expected. Historical events that allowed us to draw this conclusion
25 Jul 08:00 |
24 Feb 09:00 |
17 Dec 09:00 |
25 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
