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We expect AUDUSD to trend downwards today.

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”).

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