Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect AUDUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect AUDUSD to trend downwards 48 hours following the event release at 2023-03-04 02:00 if the released value is > 54.5. A price movement of 73 pips is expected.

Historical events that allowed us to draw this conclusion

04 Feb 02:00	06 Dec 02:00
06 Oct 01:00	07 Sep 00:00
04 Aug 00:00

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