We expect AUDUSD to trend upwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of this. We expect this to happen if the released value is < -20. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion
20 Dec 15:00 |
22 Sep 14:00 |
20 Jul 14:00 |
23 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
