Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 9 pip movement on AUDUSD for the next 2 hours. We expect AUDUSD to trend downwards for 2 hours because the released value is > 95
Historical events that allowed us to draw this conclusion
15 Sep 00:30 |
14 Apr 00:30 |
09 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
