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We expect RU to trend upwards today with a 75% chance.

We expect RU to trend upwards later today. Based on these past Australia RBA Interest Rate Decision news events there is a 75% chance of this. We expect this to happen if the released value is = 0.1%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

01 Feb 03:30
07 Dec 03:30
02 Nov 03:30
05 Oct 03:30
07 Sep 04:30
01 Jun 04:30
04 May 04:30
02 Mar 03:30
02 Feb 03:30

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

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