Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a $490 movement on AUDUSD within the next 4 hours. AUDUSD could trend downwards for the next 4 hours because the released value is > 1.5%
Historical events that allowed us to draw this conclusion
21 Jul 06:00 |
23 Jun 06:00 |
24 Mar 07:00 |
17 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
