We expect AUDUSD to trend upwards for the next 4 hours. Based on these past Euro Area Deposit Facilty Rate news events there is a 75% chance of this. We expect this to happen because the released value is = 2%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jun 12:15 |
17 Apr 12:15 |
06 Mar 13:15 |
30 Jan 13:15 |
17 Oct 12:15 |
12 Sep 12:15 |
06 Jun 12:15 |
11 Apr 12:15 |
07 Mar 13:15 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
