Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect AUDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 2024-12-04 00:30 if the released value is < 0.4%. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion
04 Sep 01:30 |
05 Jun 01:30 |
06 Mar 00:30 |
06 Dec 00:30 |
01 Mar 00:30 |
07 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
