Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect AUDUSD to trend downwards later today. Based on these past events there is a 70% chance of this. We expect AUDUSD to trend downwards 48 hours following the event release at 15 Apr 00:00 if the released value is < 59. A price movement of 120 pips is expected. Historical events that allowed us to draw this conclusion

12 Mar 02:00	12 Feb 02:00
15 Jan 02:00	18 Sep 00:00
14 Aug 00:00	17 Jul 00:00

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