Based on the last 12 RBA Interest Rate Decision events in Australia, 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 48 hours following the event release at 2022-12-06 03:30 if the released value is = 3.1%. A price movement of 126 pips is expected.
Historical events that allowed us to draw this conclusion
01 Nov 03:30 |
06 Sep 04:30 |
02 Aug 04:30 |
05 Jul 04:30 |
05 Apr 04:30 |
02 Nov 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
