Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect AUDUSD to trend upwards 4 hours following the event release at 2023-02-11 02:00 if the released value is > 65. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jan 02:00	10 Dec 02:00
13 Aug 00:00	16 Jul 00:00
15 Apr 00:00

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