We expect AUDUSD to trend upwards today with a 66.67% chance.

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”).

leave a reply