Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect AUDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend downwards 4 hours following the event release at 06 Apr 00:00 if the released value is > 59. A price movement of 40 pips is expected.

Historical events that allowed us to draw this conclusion

04 Feb 02:00	06 Oct 01:00
06 Aug 00:00	07 Jul 00:00
06 May 00:00	04 Apr 01:00

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