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There is a 80% chance of AUDUSD trending downwards

Based on past Japan Consumer Confidence news events there is a 80% chance of AUDUSD trending downwards. We expect this to happen because the released value is < 39.8. A price movement of 77 pips is expected. Historical events that allowed us to draw this conclusion

02 Dec 05:00
30 Apr 05:00
29 Jan 05:00
06 Jan 05:00

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

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We expect 6A to trend downwards today with a 71.43% chance.

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We expect 6E to trend upwards for the next 4 hours.

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