We expect a $182.322 movement on LE within 4 hours following the release of RBA Interest Rate Decision at 03 Nov 03:30. We expect LE to trend downwards 4 hours following the event release at 03 Nov 03:30 if the released value is = 0.10%. A price movement of 168 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
