We expect AUDUSD to trend upwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is < -8. A price movement of 7 pips is expected.Historical events that allowed us to draw this conclusion
|19 Aug 23:01|
|24 Jun 23:01|
|22 Apr 23:01|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).