Based on the last 12 RBA Interest Rate Decision events in Australia, GBPUSD could trend downwards later today. Based on these past events there is a 70% chance of this. If the released value is = 0.6% we could see GBPUSD trend downwards 2 hours following the event release at 07 Jun 04:30.
Historical events that allowed us to draw this conclusion
07 Dec 03:30 |
02 Nov 03:30 |
05 Oct 03:30 |
07 Sep 04:30 |
06 Jul 04:30 |
01 Jun 04:30 |
04 May 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
