AUDUSD could trend downwards later today. Based on these past United States Retail Sales MoM news events there is a 66.67% chance of this. This could happen only if the released value is < 0.2%. The price movement may be as big as 121 pips. Historical events that allowed us to draw this conclusion
14 Apr 12:30 |
14 Jan 13:30 |
17 Aug 12:30 |
15 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
