Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 17 pip movement on AUDUSD within 4 hours following the event release at 09 Sep 10:30 GMT+10. We expect AUDUSD to trend upwards 4 hours following the event release at 09 Sep 10:30 GMT+10 if the released value is < 77 Historical events that allowed us to draw this conclusion
15 Jul 10:30 |
11 Mar 10:30 |
11 Dec 10:30 |
09 Oct 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).