United States Durable Goods Orders MoM News Event – a $170 opportunity on AUDUSD

We expect a $170 movement on AUDUSD within 4 hours following the release of Durable Goods Orders MoM at 28 Jan 00:30. We expect AUDUSD to trend downwards 4 hours following the event release at 28 Jan 00:30 if the released value is < -0.5%. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

25 Nov 00:30
27 Jul 22:30
24 Jun 22:30
27 May 22:30
28 Jan 00:30

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