We expect AUDUSD to trend downwards for the next 4 hours. Based on these past Italy GDP Growth Rate QoQ Adv 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 39 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jan 09:00 |
28 Apr 08:00 |
31 Oct 09:00 |
29 Jul 08:00 |
30 Jul 08:00 |
30 Apr 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
