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We expect AUDUSD to trend downwards for the next 48 hours.

We expect AUDUSD to trend downwards for the next 48 hours. Based on these past Japan Consumer Confidence news events there is a 80% chance of this. We expect this to happen because the released value is < 36.5. A price movement of 125 pips is expected. Historical events that allowed us to draw this conclusion

29 May 05:00
09 Apr 05:00
29 Sep 05:00
30 Aug 05:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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