We expect AUDUSD to trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is < -3.3%. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion

12 Aug 19:00	14 Jul 19:00
13 May 19:00	12 Feb 21:00

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