Based on the last 12 Retail Sales MoM events in AU, we expect AUDUSD to trend up right now. Based on these past events there is a 83.3% of this.
We expect AUDUSD to trend up for the next 4 hours because the released value is > 0.2%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 01:30 |
04 Jun 01:30 |
04 Apr 01:30 |
11 Jan 00:30 |
05 Dec 00:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
