Want to know why AUDUSD is going upwards for the next 48 hours?

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate YoY 2nd Est events in Euro Area, we expect a $540 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend upwards for the next 48 hours because the released value is = 1.2%

Historical events that allowed us to draw this conclusion

14 Nov 10:00

15 May 10:00

14 Feb 10:00

16 May 10:00

12 Aug 10:00

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

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