We expect a $1070 movement on AUDUSD within 48 hours following the release of Michigan Consumer Sentiment Prel at 2023-06-16 14:00. We expect AUDUSD to trend upwards 48 hours following the event release at 2023-06-16 14:00 if the released value is > 60. A price movement of 107 pips is expected.
Historical events that allowed us to draw this conclusion
10 Feb 15:00 |
13 Jan 15:00 |
09 Dec 15:00 |
14 Oct 14:00 |
15 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
