Based on the last 12 Ivey PMI s.a events in Canada, we expect a $1260 movement on AUDUSD within 48 hours following the event release at 2023-06-07 00:00. We expect AUDUSD to trend upwards 48 hours following the event release at 2023-06-07 00:00 if the released value is < 57.2 Historical events that allowed us to draw this conclusion
05 May 00:00 |
07 Jan 02:00 |
05 Nov 01:00 |
06 Aug 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).