Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 4 pip movement on EURUSD within 2 hours following the event release at 10 Mar 23:30 UTC. We expect EURUSD to trend downwards 2 hours following the event release at 10 Mar 23:30 UTC if the released value is > 94.7

Historical events that allowed us to draw this conclusion

11 Feb 23:30

11 Sep 00:30

14 Aug 00:30

10 Apr 00:30