Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect AUDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for the next 2 hours because the released value is > 0.5%. A price movement of 3 pips is expected.
Historical events that allowed us to draw this conclusion
02 Jun 01:30 |
03 Mar 00:30 |
02 Dec 00:30 |
05 Sep 01:30 |