We expect a $240 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend downwards 48 hours following the Industrial Production YoY events in Euro Area release because the released value is > 4.7%. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

15 Sep 19:00	14 Jun 19:00
12 Mar 21:00	13 Jan 21:00

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