Based on the last 12 ISM Manufacturing PMI events in United States, we expect AUDUSD to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect AUDUSD to trend upwards for the next 2 hours because the released value is > 57.5. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
01 Nov 14:00 |
01 Oct 14:00 |
01 Sep 14:00 |
01 Jun 14:00 |
01 Apr 14:00 |
01 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
