Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 02 Sep 11:30 if the released value is = -6%. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jun 11:30

06 Sep 11:30

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