AUDUSD may trend downwards for the next 4 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 80% chance of this. Our expectation is based on that fact that the released value is > -21.5. A price movement of 58 pips could be expected.
Historical events that allowed us to draw this conclusion
21 Apr 14:00 |
21 Jan 15:00 |
21 Oct 14:00 |
21 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
