We expect AUDUSD to trend upwards later today. Based on these past Australia Retail Sales MoM news events there is a 80% chance of this. We expect this to happen if the released value is > 16.3%. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
06 May 01:30 |
03 Apr 00:30 |
11 Jan 00:30 |
02 Aug 01:30 |