Based on the last 12 Westpac Consumer Confidence Index events in Australia, we may expect AUDUSD to trend upwards right now. Based on these past events there is a 75% chance of this. We made this conclusion because because the released value is < 94.7. A price movement of 86 pips may be experienced. Historical events that allowed us to draw this conclusion
08 Mar 23:30 |
08 Feb 23:30 |
18 Jan 23:30 |
14 Dec 23:30 |
13 Oct 00:30 |
09 Jun 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
