Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $500 movement on AUDUSD within 12 hours following the event release at 2023-02-04 02:00. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-02-04 02:00 if the released value is > 50.4

Historical events that allowed us to draw this conclusion

06 Dec 02:00	07 Sep 00:00
07 Jul 00:00	04 Feb 02:00

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