Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This will happen if the released value is > 98
Historical events that allowed us to draw this conclusion
|15 May 00:30|
|10 Apr 00:30|
|12 Feb 23:30|
|11 Dec 23:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).