We expect AUDUSD to trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is > 70. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

11 Dec 02:00

13 Mar 02:00

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