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We expect AUDUSD to trend downwards today.

Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 48 hours following the event release at 13 Nov 23:50 if the released value is > 0.2%. A price movement of 103 pips is expected.

Historical events that allowed us to draw this conclusion

08 Aug 23:50
19 May 23:50
09 Aug 23:50
13 Aug 23:50

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

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