We expect AUDUSD to trend downwards later today. Based on these past United States ISM Non-Manufacturing PMI news events there is a 75% chance of this. We expect this to happen if the released value is < 50. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion
05 Dec 02:00 |
06 Aug 00:00 |
04 Jul 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).