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We expect AUDUSD to trend downwards today with a 75% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 1.5%

Historical events that allowed us to draw this conclusion

15 Mar 10:00
13 Jan 10:00
14 Nov 10:00
12 Oct 09:00
12 Aug 09:00
13 May 09:00

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

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