Based on the last 12 Consumer Confidence Flash events in Euro Area, AUDUSD could trend downwards later today. Based on these past events there is a 80% chance of this. If the released value is > -20 we could see AUDUSD trend downwards 4 hours following the event release at 22 Apr 00:00.

Historical events that allowed us to draw this conclusion

22 Jan 02:00	22 Oct 01:00
22 May 00:00	23 Apr 00:00

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