Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect AUDUSD to trend downwards. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for 12 hours because the released value is < 95.9. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion
19 Jul 14:00 |
14 Jun 14:00 |
12 Apr 14:00 |
18 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
