We expect AUDUSD to trend upwards today with a 75% chance.

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”).

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