We expect AUDUSD to trend upwards for the next 2 hours. Based on these past Australia Retail Sales MoM news events there is a 83.33% chance of this. We expect this to happen because the released value is > -4.2%. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 11:30	03 Jul 11:30
06 May 11:30	03 Apr 11:30
11 Jan 11:30

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