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We expect PL to trend downwards for the next 2 hours.

We expect PL to trend downwards for the next 2 hours. Based on these past Australia Retail Sales MoM news events there is a 87.5% chance of this. We expect this to happen because the released value is > -4.2%. A price movement of 1,290 pips is expected.

Historical events that allowed us to draw this conclusion

04 Nov 00:30
02 Oct 01:30
03 Jul 01:30
04 Jun 01:30
06 May 01:30
03 Apr 00:30
11 Jan 00:30

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

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