We expect AUDUSD to trend upwards for the next 12 hours. Based on these past United States GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. We expect this to happen because the released value is < 3.3%. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion
26 May 12:30 |
28 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
