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We expect 6A to trend downwards today with a 80% chance.

Based on the last 12 Consumer Confidence events in Japan, we expect 6A to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 39.5 Historical events that allowed us to draw this conclusion

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

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

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After experiencing a 3.91% bearish move in the space of 19 days, nobody knows where AUD/USD is headed.

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We expect a $160 movement on AUDUSD within 4 hours following the release of Consumer Confidence.

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