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We expect AUDUSD to trend upwards right now.

Based on the last 12 Inflation Rate YoY Flash events in Euro Area, AUDUSD may trend upwards for the next 48 hours. Based on these past events there is a 85.71% chance of this. This may happen because the released value is < 2.6% Historical events that allowed us to draw this conclusion

05 Jan 10:00
30 Nov 10:00
31 Oct 10:00
30 Jun 09:00
01 Jun 09:00
31 Mar 09:00

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

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We expect a $103 movement on CL within 4 hours following the event release at 2024-04-03 09:00.

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AUD/USD is quickly approaching a very important level it has previously tested numerous times in the past

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