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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 United States Inflation Rate YoY news events there is a 71.43% chance of this. We expect this to happen because the released value is > 7.3%. A price movement of 79 pips is expected.

Historical events that allowed us to draw this conclusion

10 Nov 13:30
11 Aug 12:30
13 Jul 12:30
10 Jun 12:30
12 May 12:30

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

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