Why you should close your AUDUSD positions today

Be very careful of upcoming volatility because of United States Durable Goods Orders ex Tansp MoM news event later today. Based on the last 12 Durable Goods Orders ex Tansp MoM events in United States, we expect a $130 movement on AUDUSD within 4 hours following the event release at 21 Dec 13:30. We expect this to happen if the released value is > 0.3%. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

23 Mar 12:30
26 Jan 13:30

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

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