We expect AUDUSD to trend downwards later today. Based on these past Euro Area ECB Interest Rate Decision news events there is a 75% chance of this. We expect this to happen if the released value is = 0%. A price movement of 206 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 21:45	12 Mar 23:45
23 Jan 23:45	12 Dec 23:45
24 Oct 22:45	12 Sep 21:45
25 Jul 21:45	06 Jun 21:45
07 Mar 23:45	13 Dec 23:45

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