We expect EURUSD to trend upwards for the next 48 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 71.43% chance of this. We expect this to happen because the released value is < 102. A price movement of 71 pips is expected. Historical events that allowed us to draw this conclusion
14 Dec 23:30 |
13 Oct 00:30 |
11 Aug 00:30 |
19 May 00:30 |
19 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
