We expect a $140 movement on AUDUSD within the next 2 hours. We expect AUDUSD to trend upwards 2 hours following the Consumer Confidence events in Japan release because the released value is > 36. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
01 May 05:00 |
10 Apr 05:00 |
05 Jan 05:00 |
31 Aug 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
