We expect AUDUSD to trend upwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 75% chance of this. We expect this to happen if the released value is < 54.5. A price movement of 48 pips is expected. Historical events that allowed us to draw this conclusion

02 Jun 00:00	04 Jan 02:00
03 Dec 02:00	02 Nov 01:00
02 Oct 00:00	04 Sep 00:00

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