AUDUSD may trend upwards from 04 May 14:30

We expect AUDUSD to trend upwards later today. Based on these past Australia RBA Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0.1%. A price movement of 191 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 14:30
01 Dec 14:30
03 Nov 14:30
04 Aug 14:30
07 Jul 14:30
02 Jun 14:30
19 Mar 14:30

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