AUDUSD could trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 71.43% chance of this. This could happen only if the released value is > -1%. The price movement may be as big as 15 pips.

Historical events that allowed us to draw this conclusion

20 Apr 19:00	16 Feb 21:00
12 Nov 21:00	13 Oct 20:00
15 Sep 19:00

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