We expect a $170 movement on AUDUSD within 4 hours following the release of Ivey PMI s.a at 08 Jan 02:00. We expect AUDUSD to trend downwards 4 hours following the event release at 08 Jan 02:00 if the released value is < 53.8. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

07 Nov 02:00	06 Jul 00:00
07 Mar 02:00	07 Feb 02:00