We expect a $160 movement on AUDUSD within 4 hours following the release of Consumer Confidence at 31 Jan 05:00. We expect AUDUSD to trend upwards 4 hours following the event release at 31 Jan 05:00 if the released value is < 39.5. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion
05 Jan 05:00 |
02 Dec 05:00 |
31 Aug 05:00 |
29 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
