Euro Area Business Confidence News Event – a possible $80 movement on AUDUSD

Past performance is not an indicator of future results.
Based on the last 12 Business Confidence events in Euro Area, we expect a $80 movement on AUDUSD within the next 2 hours. We expect AUDUSD to trend upwards for 2 hours because the released value is < 0.66

Historical events that allowed us to draw this conclusion

08 Jan 10:00
30 Oct 10:00
30 Aug 10:00
30 Jul 10:00
28 Jun 10:00

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

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