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We expect AUDUSD to trend upwards for the next 12 hours.

Based on past United States Durable Goods Orders MoM news events there is a 85.71% chance of AUDUSD trending upwards. We expect this to happen because the released value is > 0.6%. A price movement of 43 pips is expected.

Historical events that allowed us to draw this conclusion

27 Jul 12:30
27 Jun 12:30
23 Dec 13:30
27 Oct 12:30
27 Sep 12:30
25 Aug 12:30

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

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