Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a 79 pip movement on AUDUSD for the next 48 hours. We expect AUDUSD to trend downwards for 48 hours because the released value is < 0.5% Historical events that allowed us to draw this conclusion
05 Jun 01:30 |
06 Mar 00:30 |
05 Dec 00:30 |
06 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
