Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect AUDUSD to trend upwards. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards for 4 hours because the released value is < 54.5. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion
23 Sep 07:30 |
23 Aug 07:30 |
21 May 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).