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There is a 66.67% chance of AUDUSD trending downwards

Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen if the released value is < 70. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion

15 Oct 14:00
17 Sep 14:00
16 Jul 14:00
14 May 14:00
16 Apr 14:00
15 Jan 15:00

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

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