Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 11.6% Historical events that allowed us to draw this conclusion

14 Apr 19:00	15 Feb 21:00
12 Aug 19:00	14 Jul 19:00

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