We expect CC to trend downwards for the next 4 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 80% chance of this. We expect this to happen because the released value is < 114. A price movement of 4,400 pips is expected. Historical events that allowed us to draw this conclusion
19 May 00:30 |
15 Jul 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
