Based on the last 12 Consumer Confidence events in Japan, we expect AUDUSD to trend upwards. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards for 4 hours because the released value is > 30.8. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

02 Dec 16:00	02 Oct 15:00
31 Aug 15:00

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