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We expect RA to trend downwards right now.

Based on the last 12 Retail Sales MoM events in Australia, we expect RA to trend downwards right now. Based on these past events there is a 75% chance of this. We expect RA to trend downwards for the next 12 hours because the released value is > 0.4%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

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

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