United States ISM Non-Manufacturing PMI News Event – a possible $640 movement on AUDUSD

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $640 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend downwards for 48 hours because the released value is > 61.5

Historical events that allowed us to draw this conclusion

05 Aug 00:00
06 Apr 00:00
08 Jan 02:00
06 Oct 01:00

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