We expect AUDUSD to trend downwards later today. Based on these past Germany GDP Growth Rate QoQ Flash news events there is a 71.43% chance of this. We expect this to happen if the released value is < 0%. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion
29 Jul 08:00 |
29 Oct 08:00 |
30 Apr 08:00 |
30 Jul 08:00 |
14 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
