Based on the last 12 ISM Manufacturing PMI events in United States, we expect AUDUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend downwards for 2 hours because the released value is > 54.5. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jul 14:00 |
01 May 14:00 |
03 Feb 15:00 |