Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 18 Mar 12:30 if the released value is < 23. A price movement of 157 pips is expected. Historical events that allowed us to draw this conclusion

17 Dec 13:30

21 May 12:30

16 Apr 12:30

19 Mar 12:30