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Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $220 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend downwards for 4 hours because the released value is > 32
Historical events that allowed us to draw this conclusion
04 Apr 01:00 |
06 Feb 02:00 |
08 Jan 02:00 |
06 Nov 02:00 |
06 Sep 00:00 |
06 Jun 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).