We expect AUDUSD to trend downwards later today. Based on these past Australia GDP Growth Rate QoQ news events there is a 66.67% chance of this. We expect this to happen if the released value is < 0.8%. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion
07 Dec 00:30 |
02 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
