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We expect GBPUSD to trend downwards today with a 66.67% chance.

We expect GBPUSD to trend downwards later today. Based on these past Australia RBA Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0.75%. A price movement of 91 pips is expected.

Historical events that allowed us to draw this conclusion

01 Oct 04:30
06 Aug 04:30
02 Jul 04:30
07 May 04:30
02 Apr 03:30
05 Mar 03:30
05 Feb 03:30
02 Oct 04:30

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

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