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We expect AUDUSD to trend downwards today with a 71.43% chance.

Based on the last 12 Durable Goods Orders MoM events in United States, AUDUSD could trend downwards later today. Based on these past events there is a 71.43% chance of this. If the released value is < 0.6% we could see AUDUSD trend downwards 48 hours following the event release at 25 May 12:30. Historical events that allowed us to draw this conclusion

26 Apr 12:30
27 Jan 13:30
24 Nov 13:30
27 May 12:30

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

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