Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 4 hours following the event release at 2023-05-12 14:00 if the released value is < 63. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion
17 Mar 14:00 |
11 Nov 15:00 |
16 Sep 14:00 |
13 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
