AUDUSD may trend downwards right now

We expect AUDUSD to trend downwards for the next 2 hours. Based on these past United Kingdom GfK Consumer Confidence news events there is a 75% chance of this. We expect this to happen because the released value is > -20. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

19 Feb 11:01
22 Jan 11:01
18 Dec 11:01
25 Sep 09:01
03 Jul 09:01
24 Apr 09:01

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