Based on past Australia Westpac Consumer Confidence Index news events there is a 75% chance of AUDUSD trending upwards. We expect this to happen if the released value is > 79.7. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jan 23:30 |
10 Oct 23:30 |
13 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
