Based on the last Retail Sales MoM events in AU, we expect AUDUSD to trend down later today. Based on these past events there is a 66.7% of this.
We expect AUDUSD to trend down hours following the event release at 05 Oct 01:30 if the released value is < 0.2%. A price movement of pips us expected.
Historical events that allowed us to draw this conclusion
08 May 01:30 |
06 Feb 00:30 |
03 Nov 00:30 |
05 Oct 00:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
