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We expect AUDUSD to trend downwards for the next 12 hours. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. We expect this to happen because the released value is = 0.7%. A price movement of 49 pips is expected.
Historical events that allowed us to draw this conclusion
16 Nov 21:00 |
17 Aug 19:00 |
15 May 19:00 |
14 Feb 21:00 |
14 Nov 21:00 |
14 Aug 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).