Based on the last 12 Consumer Confidence events in Japan, we expect AUDUSD to trend upwards. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards for 48 hours because the released value is > 33. A price movement of 65 pips is expected.

Historical events that allowed us to draw this conclusion

02 Oct 15:00	31 Aug 15:00
08 Jan 16:00	29 Nov 16:00

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