We expect AUDUSD to trend upwards for the next 2 hours.

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect AUDUSD to trend upwards for the next 2 hours. Based on these past events there is a 83.33% chance of this. This may happen because the released value is > 108

Historical events that allowed us to draw this conclusion

09 Dec 01:30
09 Sep 00:30
10 Jun 00:30
13 May 00:30
11 Feb 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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