Based on the last 12 Ivey PMI s.a events in Canada, we expect a 13 pip movement on AUDUSD within 2 hours following the event release at 06 Nov 15:00 UTC. We expect AUDUSD to trend upwards 2 hours following the event release at 06 Nov 15:00 UTC if the released value is > 54.4
Historical events that allowed us to draw this conclusion
06 Sep 14:00 |
07 Aug 14:00 |
04 Apr 14:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
