United States ISM Non-Manufacturing PMI News Event – a possible $430 movement on AUDUSD

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $430 movement on AUDUSD within 48 hours following the event release at 06 May 00:00. We expect AUDUSD to trend downwards 48 hours following the event release at 06 May 00:00 if the released value is < 32 Historical events that allowed us to draw this conclusion

05 Dec 02:00
06 Aug 00:00
04 Jul 00:00
04 May 00:00

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