Based on the last 12 Consumer Confidence Flash events in Euro Area, we could expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 48 hours following the event release at 20 May 14:00 if the released value is < -21.5. A price movement of 93 pips could result. Historical events that allowed us to draw this conclusion
23 Mar 15:00 |
18 Feb 15:00 |
21 Dec 15:00 |
23 Aug 14:00 |
22 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
