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What to trade around the AU Retail Sales MoM news event

What to trade around the AU Retail Sales MoM news event

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”)

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