Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-04-02 23:50 if the released value is < 3. A price movement of 106 pips is expected. Historical events that allowed us to draw this conclusion
30 Jun 23:50 |
12 Dec 23:50 |
30 Jun 23:50 |
30 Jun 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
