Based on the last 12 Consumer Confidence events in Japan, we expect a 76 pip movement on AUDUSD within 48 hours following the event release at 2023-05-31 05:00. We expect AUDUSD to trend downwards 48 hours following the event release at 2023-05-31 05:00 if the released value is < 36.1 Historical events that allowed us to draw this conclusion
31 Oct 05:00 |
30 Sep 05:00 |
29 Jul 05:00 |
29 Jun 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
