Based on the last 12 Consumer Confidence events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 29 Nov 05:00 if the released value is > 35.4. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
31 Oct 05:00 |
08 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
