We expect AUDUSD to trend upwards later today. Based on these past Australia GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen if the released value is > 0.3%. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

06 Jun 11:30	07 Jun 11:30
01 Mar 11:30

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