AUDUSD will trend upwards right now

Past performance is not an indicator of future results.
We expect AUDUSD to trend upwards for the next 2 hours. Based on these past United Kingdom PPI Input YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 4.3%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 09:30

23 May 09:30

20 Mar 09:30

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

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