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 77.78% chance of this. We expect AUDUSD to trend upwards for 2 hours because the released value is > 65.8. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

24 Mar 19:30	19 Feb 19:30
16 Dec 19:30	23 Nov 19:30
23 Oct 18:30	23 Sep 17:30
24 Jul 17:30

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