We expect a $1220 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend downwards 48 hours following the Westpac Consumer Confidence Index events in Australia release because the released value is < 85. A price movement of 122 pips is expected. Historical events that allowed us to draw this conclusion
12 Jul 00:30 |
15 Jun 00:30 |
08 Mar 23:30 |
08 Feb 23:30 |
18 Jan 23:30 |
14 Dec 23:30 |
13 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
