Based on past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of AUDUSD trending upwards. We expect this to happen because the released value is > 65.5. A price movement of 107 pips is expected.
Historical events that allowed us to draw this conclusion
10 Feb 15:00 |
13 Jan 15:00 |
09 Dec 15:00 |
14 Oct 14:00 |
15 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
