Australia Retail Sales MoM News Event – a possible $420 movement on AUDUSD

Based on the last 12 Retail Sales MoM events in Australia, we expect a $420 movement on AUDUSD within 12 hours following the event release at 10 Jan 11:30. We expect AUDUSD to trend upwards 12 hours following the event release at 10 Jan 11:30 if the released value is < 0.4% Historical events that allowed us to draw this conclusion

04 Nov 11:30
04 Oct 11:30
03 Sep 11:30
04 Jun 11:30
07 Mar 11:30
05 Feb 11:30