We expect a $200 movement on AUDUSD within the next 4 hours.

We expect a $200 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend upwards 4 hours following the Ivey PMI s.a events in Canada release because the released value is > 49. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

05 Feb 15:00
06 Nov 15:00
07 Jul 14:00
05 Jun 14:00

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

leave a reply