Based on past United States ISM Manufacturing PMI news events there is a 75% chance of AUDUSD trending downwards. We expect this to happen because the released value is > 47. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
02 Oct 14:00 |
01 Sep 14:00 |
01 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
