We expect a $490 movement on AUDUSD within the next 12 hours. We expect AUDUSD to trend upwards 12 hours following the Retail Sales MoM events in United States release because the released value is < 0.6%. A price movement of 49 pips is expected. Historical events that allowed us to draw this conclusion
14 Feb 13:30 |
16 Jan 13:30 |
18 Jun 12:30 |
15 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
