We expect AUDUSD to trend downwards for the next 12 hours. Based on these past Germany GDP Growth Rate YoY Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is > 0.1%. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 06:00 |
12 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
