We expect AUDUSD to trend downwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 83.33% chance of this. We expect this to happen if the released value is > 68. A price movement of 227 pips is expected.

Historical events that allowed us to draw this conclusion

14 Mar 01:00	15 Feb 02:00
07 Dec 02:00	12 Oct 01:00
14 Sep 00:00	18 May 00:00

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