We expect a $770 movement on AUDUSD within 48 hours following the release of ZEW Economic Sentiment Index at 17 Sep 09:00. We expect AUDUSD to trend upwards 48 hours following the event release at 17 Sep 09:00 if the released value is > -37. A price movement of 77 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 09:00 |
19 Mar 10:00 |
11 Dec 10:00 |
13 Nov 10:00 |
11 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
