We expect a $200 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend upwards 4 hours following the NAB Business Confidence events in Australia release because the released value is > 2. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
09 Jul 01:30 |
09 Apr 01:30 |
23 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
