We expect AUDUSD to trend downwards later today. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 70% chance of this. We expect this to happen if the released value is = 4.75%. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 11:00 |
01 Aug 11:00 |
20 Jun 11:00 |
21 Mar 12:00 |
14 Dec 12:00 |
02 Nov 12:00 |
11 May 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
