Based on the last 12 Consumer Confidence Flash events in Euro Area, we may expect AUDUSD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We made this conclusion because because the released value is < -20.5. A price movement of 33 pips may be experienced. Historical events that allowed us to draw this conclusion
23 Mar 15:00 |
21 Dec 15:00 |
22 Nov 15:00 |
23 Aug 14:00 |
22 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
