Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect 6C to trend upwards. Based on these past events there is a 66.67% chance of this. We expect 6C to trend upwards for 48 hours because the released value is < 94.7. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
10 Dec 23:30 |
09 Oct 00:30 |
10 Jul 00:30 |
12 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
