United States ISM Manufacturing PMI News Event – a $430 opportunity on AUDUSD

We expect a $430 movement on AUDUSD within 12 hours following the release of ISM Manufacturing PMI at 02 Apr 01:00. We expect AUDUSD to trend upwards 12 hours following the event release at 02 Apr 01:00 if the released value is < 61.3. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion

02 Feb 02:00
02 Dec 02:00
02 Jun 00:00

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