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We expect a $160 movement on EURUSD within the next 4 hours.

We expect a $160 movement on EURUSD within the next 4 hours. We expect EURUSD to trend upwards 4 hours following the RBA Interest Rate Decision events in Australia release because the released value is = 0.75%. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

05 Nov 03:30
01 Oct 04:30
03 Sep 04:30
06 Aug 04:30
02 Jul 04:30
04 Jun 04:30
04 Dec 03:30
06 Nov 03:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect AC to trend downwards right now.

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USD/CAD Target Level: 1.3314

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