We expect ZB to trend downwards for the next 12 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 83.33% chance of this. We expect this to happen because the released value is > 105. A price movement of 70 pips is expected.
Historical events that allowed us to draw this conclusion
14 Apr 00:30 |
09 Mar 23:30 |
09 Feb 23:30 |
09 Dec 01:30 |
09 Sep 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
