Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 59 pip movement on AUDUSD within 48 hours following the event release at 2022-12-05 15:00. We expect AUDUSD to trend downwards 48 hours following the event release at 2022-12-05 15:00 if the released value is > 53.3
Historical events that allowed us to draw this conclusion
05 Oct 14:00 |
06 Sep 14:00 |
03 Aug 14:00 |
03 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
