United States ISM Non-Manufacturing PMI News Event – a $1560 opportunity on AUDUSD

We expect a $1560 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend downwards 48 hours following the ISM Non-Manufacturing PMI events in United States release because the released value is < 56. A price movement of 156 pips is expected. Historical events that allowed us to draw this conclusion

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