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We expect AUDUSD to trend downwards today.

Based on the last 12 ISM Manufacturing PMI events in United States, we expect AUDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is < 49.5 Historical events that allowed us to draw this conclusion

03 Mar 15:00
01 Nov 14:00
01 Oct 14:00
03 Sep 14:00
01 Aug 14:00

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

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