Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend downwards later today. Based on these past events there is a 85.71% chance of this. This may happen if the released value is > 0.3%

Historical events that allowed us to draw this conclusion

13 May 19:00	20 Apr 19:00
16 Feb 21:00	12 Nov 21:00
13 Oct 20:00	15 Sep 19:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).