Based on the last 12 RBA Interest Rate Decision events in Australia, we expect AUDUSD to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 03 Nov 14:30 if the released value is = 0.10%. A price movement of 307 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 14:30	07 Jul 14:30
02 Jun 14:30	05 May 14:30
19 Mar 14:30	04 Feb 14:30
03 Dec 14:30	05 Nov 14:30

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